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      07-28-2014, 11:56 PM   #8
W Cole
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Drives: 2009 M3
Join Date: Dec 2010
Location: Newport Coast, CA

iTrader: (5)

Quote:
Originally Posted by persian54 View Post
Depends how much you plan to drive.

But leasing it allows you to write the entire payment off, while owning it allows for depreciation and mileage write offs (accountants please chime in)
I believe it's depreciation OR mileage write off and I forget which way it is but once you choose depreciation you can't switch to mileage but if you choose mileage you can switch to depreciation (I may have that reversed).
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