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'?
Well, usually they ask you for the first and last payment
when you check out the car, so if not damage on the car,
they send you a cheque in mail.
They ask a void cheque that they can debit from the account,
you can set up a personal chequing account just for that purpose,
and declare your tax return.
Opening a business is so easy, and since the government do not
quarantee success, you can always lose money and offset your
high employment income.
Tax benefit: 100% deductable,
arrange the monthly payment from the company account,
use the company credit for all the gas/maintenance/car wash expenses.
The mileage allowed is usually 20,000 KM/year
I returned 4 cars after lease expire, they usually withhold a month payment
in case of major damage, minor scratch, don't bother
also, not all people can financial the car that they want, so leasing will be their option. mostly no/low downpayment and low monthly payment.
no, most people will not buy out the lease car, why, as you said, they don't take good care ma.
some people use a company to lease a car, at the end of the term, they will buy the car under personal name.
usually lease car has restriction on mileage & damage.
as i mentioned before, you should compare the total payment from lease & finance and start from there
Depends, that is how they usually sell the used cars for,
then the mileage, damage and collision records.
Usually the leased car owners do not take good care of the cars,
since they are not going to keep them.
36 months lease you have already paid 75% of the car but they
do not give you any equity for buying out, that is the way leasing work.
It is not worth to lease if you cannot write off all the expenses.
Usually the interest rate is lower for leasing, but you get nothing
after the lease expire.
Financing interest is slightly higher but your car will be paid for.
Most people will not consider buying out the leased car because
they will be paying the full used car price, usually 60% of the
current price, after they paid for 3 years
發表於 2010-3-10 16:34
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