What are the tax benefits of leasing?
A. If you use your leased vehicle for business purposes, you can generally directly deduct the costs as business expenses monthly payments, insurance, mileage, maintenance based on the percentage of business use versus non-business use. The actual benefits depend on the specifics of your business situation. For this reason and because tax rules are never simple, you should get the advice of a CPA or tax advisor before making any decisions. Otherwise, the information and advice provided here in the Lease Guide are perfectly applicable.
