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    Lease vs Buy

    Client, S corp, wants to know whether to buy or lease a car. He is thinking to buy or lease Honda Accord.

    What are the tax benefits? (Or may be a website that may help?)

    Thanks!

    #2
    Here's somebody's term paper on the subject. Ignoring the occasional misspelling and awkward sentence construction (this clearly wasn't an English composition class), I found the explanations & analysis to be pretty good overall.



    There were also some interesting definitions of terms which would be quite helpful in explaining some of the leasing terminology to a non-financial person.
    Last edited by JohnH; 05-12-2009, 02:14 PM.
    "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

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