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Should I buy or lease my car?
The decision to buy or lease varies on a case by case basis. If you do a lot of driving, usually the limited number of 'miles allowed' on a lease make it cost prohibitive. If you are self-employed, the decision to buy or lease does not change the ability to deduct your vehicle on your tax return. You can only deduct the percentage of business use of your vehicle either way. There are more specific criteria that may relate to your decision, please contact us to review your personal situation.
December 12, 2010, 10:12 am