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Are there any tax benefits in using your leased car for your business activities?
Wiki User
∙ 15y ago
There can be. On your owned car you can get depreciation and probably interest as a business espense. On a leased car you get a calculated amount of the lease payment, with certain restraints, etc......so it depends on many things: the cost of th car, the terms of the lease, your other business positions, etc. Many websites have a lease vs buy analysis...that includes the cost of funds and such too.
Wiki User
∙ 15y ago
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