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Leasing Cars For My Business
By Ken Charnly
When I first opened the doors of my floral business, I wasn’t sure if I should purchase or lease cars for my business deliveries. While both options would require a monthly payment, insurance and maintenance costs, leasing cars offered a tax advantage and the ability to upgrade every few years.
Advantages of Leasing Cars
Leasing cars for my business offered me the tax advantage of not paying the hundreds of dollars in taxes a purchase would require. What’s more, I can deduct a portion of the lease installments as a business expense. Plus, The monthly payments are 30-50% less than a loan for the same fleet. Most lease agreements coincide with the manufacturer warranty so I don’t have to worry about costly mechanical repairs because nearly everything is covered. Another advantage of leasing cards
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Co-founders leave Appellation AmericaCo-founders Roger Dial and son Adam Dial have resigned from their management and board roles at Appellation America, an online wine publication that celebrates various appellations or wine-growing regions nationwide, according to a published report and sources at the publication.
<p><a href="http://feeds.feedburner.com/~a/bizj_sanfrancisco?a=UgGFZm"><img src="http://feeds.feedburner.com/~a/bizj_sanfrancisco?i=UgGFZm" border="0"></img></a></p><div class="feedflare">
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is that I can return a vehicle after using it for a few years and pick up a newer model. I won’t lose equity in the vehicle and I’ll never owe more than it’s worth thanks to the included gap insurance. Disadvantages of Leasing Cars The main disadvantage of leasing cars for my business is the mileage limit. If I exceed the allowed mileage during my lease period I’ll be penalized up to $.39 per mile. I will also be charged for any damage or changes made to the leased vehicles. Before making any final decision, you should do what I did – weigh the cost of a loan and the long-term benefit of asset ownership against the cost of lease payments and tax and maintenance savings. Only then will you know whether it’s better to buy or to start leasing cars for your business. Article Source: http://www.article-matrix.com Ken Charnley is a personal finance publisher whose website www.online-loans-pro.com/ is dedicated to quality information on online loans. For all your online loan needs visit and Apply for Loans Online
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Courtesy of:Articleteller.com
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includes actual project cost by activity, financial management (including disbursement issues), and co-financing. If a financial audit has been conducted the major findings should be presented in the TE.
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