NewSpace

And you are writing it off as a business expense...What is your monthly payment?

GS35014

$516 a month 27 months/15k a year... MSRP of vehicle was $61,334 i think... Included in price was service for 20k and 30k.... Nothing out of pocket except first month payment of $516 and 8 MSD's "$4200" which is refunded at end of lease when I picked up vehicle in June 2014... Probably could of done better then that.. YMMV

NewSpace

Thanks! What I meant to ask is
"What is the amount of your savings due to tax deduction on a business lease?"

GS35014

The amount you save depends on your financial situation. It differs from everyone because we all make different amounts financially.

NewSpace

I've never leased before so any data points would be helpful.

SW17LS

It depends on your business usage...you're supposed to write off the portion of the payment that you use for business. If you only use the car for business...you can write off 100%...but be prepared to substantiate that. In terms of real dollars saved, that depends completely on your situation.

Do you have an accountant? I'd ask them, they should be able to tell you straight away what you would save.

NewSpace

I do have an accountant (recent development) and will ask. Thanks.