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To: Alberta's Child
Yes, as a business deduction it is helpful. Also, there's almost no overall maintenance

Also, there was a quote from the article I found funny: When you lease a vehicle instead of buying one, you build no equity in the deal.

There is no such thing as "building equity in an auto. Its a depreciating asset from day one. Its overall value is dropping constantly.

6 posted on 12/14/2018 12:00:10 PM PST by PGR88
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To: PGR88
Right. But even a depreciating asset has a residual value when you reach the end of its useful life. A car that's five years old can still be sold for quite a bit of money.

This might have been a better way to word that statement:

When you lease a vehicle instead of buying one, you retain no equity in the deal.

20 posted on 12/14/2018 12:39:00 PM PST by Alberta's Child ("The Russians escaped while we weren't watching them ... like Russians will.")
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