Sincity

For those who don't know, you cannot deduct 100% because of Lease Income Inclusion per the IRS.

I have been poking around depreciation rates on AMGs. I was horrified at what a '07 CLS63 is selling for nowadays. A $100k car a year ago, can be had between $65k and $73k with mileage under 20k depending on price.

jrcart

I realize that, but I can still write off a portion and the bottom line is that it keeps a few more bucks in my (and my companies) pocket vs. buying out right in my own name...at least that is what my accountant tells me.

Sincity

Jrcart, I'd figure you knew that since you are a businessman. But others might not be in the know. Bottomline is to keep as much of your hard-earned money (well maybe not you since you are on the web during work hours like myself) in your pocket rather than the IRS.