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Old 11-30-2012, 05:31 PM
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Chris90 Chris90 is offline
Officially Welcomed to the 'Fest
Location: Massachusetts
Join Date: Apr 2003
Posts: 13,798
Mein Auto: '04 330i
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?
"When you were born, you cried and the world rejoiced. Live your life so that when you die, the world cries and you rejoice." - Cherokee Expression