Buying a car vs leasing....

[Jesse_DD]

I just talked to my acct about this not too long ago. There are benefits to both. I think it came down to how long you were planning on keeping the car - If you are only going to keep 3 yrs then lease.

- you can write off both payments whether you lease or buy
- I was thinking of actually taking out an equity line on my house when I go to purchase my next car. The rate is at prime + principle is fully tax deductable + all the same write offs.