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Originally Posted by hockey21
why do you need to lease? can you buy at the end of the lease?
chevrolet colorado? toyota tacoma? get something you'll keep at the end
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There are a couple reasons to lease vs buy in this situation.
1. Cost- leasing a vehicle is much cheaper than financing. Our margins are going to be very thin and we don't want to spend anymore than we have to.
2. Taxes- there are better tax advantages to leasing than buying. Unless you buy a vehicle over 6000 gvw which is a weird loophole.
Now once the business is up and going and in 3 years when the lease comes up then I will most likely end up buying something for myself and use it for business enough to benefit from the tax advantages
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My Rides:
2010 335xi- MHD, Custom Painted Style 67's, Super Sports, 2007 GMC Yukon Denali, 69 Chevelle Malibu, 69 Chevy C20 (Project Truck), 77 Chevy K20