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I have some friends that only lease cars because they want a new one every two years. It doesn't matter if the car is perfectly OK and in great shape, they want
by Moto7451 12y ago
I have some friends that only lease cars because they want a new one every two years. It doesn't matter if the car is perfectly OK and in great shape, they want a new car. They'll even lease the same car again.
I imagine car companies love them :).
- r00fus 12y agoIs there some tax-favorability to leasing cars? http://www.businessinsider.com/tax-loophole-on-luxury-cars-2012-11 http://www.businessinsider.com/tax-loophole-on-luxury-cars-2...
- brk 12y agoNot usually. In fact where I live (NH) the taxes work against it. Your annual fees are based on cars value. I was previosly doing a new lease vehicle every year (two vehicles on 2-year lease terms with staggered renewal years). Now we buy and hold vehicles for 5-10 years.