Look, I didn't clarify earlier that I don't actually own a business—which is a fancy way of saying I don't. I'm just trying to figure out if it's smarter to go with a lease or a standard loan. I've heard some chatter about how leasing works for corporations regarding tax deductions and VAT. If nobody has an answer, we might as well lock this thread.
Hey everyone. I’ve been seeing some debate lately about whether it’s smarter to finance a car through a standard loan versus opting for a lease. I'm curious if you all agree with the sentiment that loans are the better move. Also, I read somewhere that if you lease through a business, you can write off the sales tax—I’m pretty new to this, so if anyone could break down how that actually works, I’d appreciate it. The car I’m looking at is roughly $145,000 $0.00, and the first monthly payment would be around $80 $0.00 Thanks in advance.🙂