re: buying v leasing

[JonTom]

Can someone lay out for me how to calculate the cost/savings of leasing a car, seeing how as I CAN write-off the entire lease payment in taxes, but only the depreciation if I buy?

Thanks

 

[isekii]

Leasings the best idea.
The one that requires like 4-5k and monthly payments for 399 and up.

Don't settle for anything less than that.

 

[JonTom]

Are you refering to 4-5K as down payment?

Also, I will almost certainly go well over the mileage limit. I put ~3000Km/mth on my current car, leases hereabouts seem to limit to 2000KM/mth. I guess I need to find out how much the extra ks are...

 

[dirtboy]

Depending on the deal you can get, leasing might be better even if you go over mileage.