Should you Buy or Lease a Business Vehicle?

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In this video, Navi will discuss the tax deductions and tax savings when leasing and purchasing a vehicle using both the standard mileage rate method and the actual expense method. Which option do you think is best-buying or leasing? Let's find out!
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CHAPTERS
00:00 Introduction
02:18 Lease Option
04:21 Purchase Option
06:26 Cash Outlay (Lease vs Purchase )
13:05 Final Thoughts
#lease #purchase #buy #vehicle #vehicletax #taxstrategies #taxplanning #taxstrategist #mileage

[@NaviMarajCPA]

💰 Ready to save THOUSANDS in taxes? Enroll in my course here 👉
navimarajcpa.teachable.com/p/smallbusinesstaxessale

[@MaykonHardoim]

Thanks for sharing this valuable information.

[@NaviMarajCPA]

You’re welcome!

[@Terra_Cognita]

Nice video

[@SteveSmith-zf1id]

Why are you not netting the cash inflow of selling the vehicle in year 3 to the purchase scenario?

[@Terra_Cognita]

Do you offer the spreadsheet so I can calculate with my lease terms and mileage drive and tax bracket what would be best for me?

[@Peter-rf1nt]

Can you do as Uber which Uber drivers usually drive around 300 miles a day. And I believe many car dealers have a limit mileage driving.

[@lihebi]

Thanks for the video! In the purchase scenario, if you do NOT sell the vehicle after 3 years (say you keep it for another 2 years for personal use only and then sell it in year 5), will there be "depreciation recapture" on year 5?