Will you finance or lease?

ff0098765

Assuming buying outright is not the option, will you finance or lease your next car?  What are the things to consider?

ff0098765

i guess it's not just down to payments..  do you mean if a monthly lease payment is lower than finance payment, then it is better to lease?  a lease vs finance calculator does not consider the fact that you will forever have a lease to pay, versus if you finance, your payment stop after 5 years for example.

ff0098765

good point somewhereintime...  the car is not worth 60% of its original price after 3 years.

ff0098765

thanks.  when you say withhold, do you mean they charge you an extra month for the damage?  or they will return to you if the car is ok after some time?  

when you say use company account, don't you have to have a real company?  or you just open a company for this purpose?

ff0098765

this is getting into a taxation discussion now.. but i am interested to know more.  if i already have a high income job, and i open another business.  can i still expense the full lease payment, or i can only claim some of it?  reason is one may argue that i use the car for my job more than my 'business'?