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Old 04-29-2008, 12:11 AM   #34
CaptianSam
Car Garage
 
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Drives: 350z,A4,SRT8...see sig
Join Date: Feb 2008
Location: north west
Posts: 830
GREAT QUESTION!!!

to lease, finance, or buy...?

buying is great no interest, but if you buy within a business it becomes an asset and your profit margin goes up and you get TAXED...

lease is good... pay for the car slowly and have the option to buy it back for additional charges, ABILITY TO TRADE IN FOR NEWER CAMARO...works very well for business because of the 650 rule... lease under 650 and it gets deducted from your profits putting you into a lower tax bracket AND you dont get taxed on the vehicle... but you have to pay APR

finance is great it basically is the bank buys the car and you pay the bank for it and you have to pay APR... you keep the car when the finance terms are up you own it like buying but pay for it like leasing... (the most expensive short-term, but the least expensive except for APR)

i will probably lease under my biz, for the no tax clause and for ultimatly the ability to upgrade into a gen v motor if comes out... im taking the risk... at the expense of a buy back feature...

you guys?
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