[filip75]

Here is a situation: you own your small business and want to lease/buy a car, but you like to upgrade every couple of years. The choice that I would make is to lease it through the company, and then give it to myself as a job perk. In this situation, the company has a tax deduction for a car leased as part of the salary package to the president. I, on the other hand, don't have to pay the whole payment, and the total sum of the lease payments (by the company) get reported as part of my income on the W2, thus only being taxed at your personal income level. Let's say the payment is $1,000/mo. That means that my income gets increased by $12,000/year. I think it's a win-win for both me and the company.

I plan to get a Range Rover like this next year.