Maybe someone can answer this: I always hear that leases are good if you own a small business since you can write it off. Well, a buddy of mine is a contractor, and he had an old GTI, and he writes off $8000 a year (16k miles * 55 cents/mile) driving that car.

That's higher than a typical lease payment, so what is the advantage of leasing vs taking the mileage writeoff on an old car?

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