Marketing Tips By Email
Prefer RSS? Subscribe in a Reader
Categories
Recent Comments
- licNJinspector on 10 Home Inspection Tips for Real Estate Agents
- aprilmoniquefajardo on Real Estate Marketing: Syndicate Your Real Estate Website To Boost Rankings
- RayneHaynes on Craigslist Ad Creators – Make Your Ads Stand Out
- ampmva on Craigslist Ad Creators – Make Your Ads Stand Out
- ampmva on Craigslist Ad Creators – Make Your Ads Stand Out
Join Our Networking Group!
Browse the Archives
Products
I agree that it is not convinient to buy cars these days because of the gas price is getting higher everyday. Take a bicycle, no pollution and a good exercise.
Yeah, cars are pretty cheap these days :) It is actually cheaper to buy a gas guzzling suv & the gas for it than a hybrid! A lease swap sounds interesting - never tried that before!
I am looking for a new car to replace my current one, and have been looking into the lease swap websites. It seems like a decent way to you, you don't have to hand over the $4,000 or what ever at the beginning of the lease, you just make the monthly payments until the end. Looking for a Caddy CTS
I have just started leasing for the first time and card dealers are offing sick deals on Suv. Brand new Nissan Pathfinder for $210 a month. Never owned a new car.
Yeah! very true. That's why we are thinking of buying bicycle because of higher price of Gas.
True, sometimes it seems a bicycle may be a better choice!
Buying a car these days is no longer worthwhile due to the price of gas.
For many years we leased our cars but 4 years ago I bought two cars, one on a 4 year loan that has now been paid off and another on a 5. Yeah the payments were bigger but damn, what a great feeling to have it paid off and one almost paid off. I think this only works with good quality cars that will last a long time and that you are willing to drive a long time though.
There's paperwork no matter which you do :)
Is it harder to do all paper work when you lease?
Should You Lease or Own Your Car?
Recently my husband and I were looking at a new vehicle for his business. We were presented with 2 options: Buy the vehicle or we could lease it.
We were mulling over the tax benefits of either choice when it dawned on me that many real estate agents probably don’t realize the different benefits when buying a car either. (I never had to reckon about it, as I owned my car before starting the business and still own it!)
Many agents probably do not even give a second thought about the different options to getting a new car, many probably do not even reckon of it as a business buy! But, your car is very vital in your business, and when getting a new car you can take advantage of various tax deductions.
Here is the major difference between owning and leasing your business vehicle:
Owning means you can only deduct the interest from the buy if you finance it. The principle is not deductible. You will also have to calculate depreciation when doing your taxes.
When leasing, the entire lease payment can be deductible. (Assuming the vehicle is used primarily for business purposes).
If you’ve been looking for more ways to take deductions as a real estate agent, deciding to buy or lease a car is an vital choice. Before making any buy or entering a lease agreement, be sure to consult with a trusted accountant to help you make the best choice. (Hey, you wouldn’t want someone to sell a house without a professional – using the services of a tax professional can be beneficial as well!)