I know this is an age old question. I am a single person LLC commission sales that has always leased a CAR (no trucks) every 2 years. My accountant strongly advises this as all of the expenses are deductible. He says that not only is it clean and easy, but financially it make sense.

I have received some other opinions lately that argue the fact that with 0% financing out there, it is better to buy and depreciate the vehicle.

I'd appreciate all opinions on this subject! THANKS!

ATYOURSERVICE

Your accountant is correct. You can use write off for leases if you are a business or for business purposes. If you purchase and drive a lot you can use milage and some repair expenses for the car as a business expense. Ask your tax preparer which one would be better for you.