View Poll Results: Are you buying or leasing a 2007 Infiniti G35?
Buying
37
62.71%
Leasing
22
37.29%
Voters: 59. You may not vote on this poll
Are You Buying Or Leasing A 2007 Infiniti G35?
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#10
Originally Posted by canuck
I will be leasing mine due to the tax write-offs of my business. This is the first car that I have ever leased but it made financial sense simply because I can write-off my lease payments.
Commercials vehicles w/GVW over 6,500Lbs [if I'm not mistaken], you can write off the full depreciation over 4 year period - but I do believe that loophole has been closed.
#11
Originally Posted by canuck
I will be leasing mine due to the tax write-offs of my business. This is the first car that I have ever leased but it made financial sense simply because I can write-off my lease payments.
#12
Originally Posted by RLampke
Must be nice - in the US at least for what I do, I would only have the option to write off the depreciation - or in a leasing agreement my tax bracket only. This is why I purchased another car and expense that out directly under the company. I thought Canada has very high tax rates on leases as well…?
Commercials vehicles w/GVW over 6,500Lbs [if I'm not mistaken], you can write off the full depreciation over 4 year period - but I do believe that loophole has been closed.
Commercials vehicles w/GVW over 6,500Lbs [if I'm not mistaken], you can write off the full depreciation over 4 year period - but I do believe that loophole has been closed.
Now if I could only use the interest I pay on my mortgage like you guys can in the US I would be a happy camper.
#13
Originally Posted by S L I C K
Two questions ... 1. What kind of business do you own? 2. What does it mean when you say, "I can write-off my lease payments?"
Last edited by Garnet Canuck; 10-16-2006 at 03:30 PM.
#14
Originally Posted by canuck
I am a Network Engineer fulltime and have a home-based business on the side. With a home-based business there are a ton of tax advantages....one of them being able to able to write-off my lease payments.....meaning an expense to my business.
In effect, could your home business be done entirely from home (remote work) and you can still write off the lease ?? -- that's sweet !!
Canadian law seems cool
#15
Originally Posted by GoofyG28
Are you planning on stealing one, Wally? There should be a forth one that says, "Sorry, this forum convinced me to get a BMW 335 instead."