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Kayo Ko

Should I Lease A Car Through My Business?

When considering the optimal course of action for acquiring a vehicle for business purposes, one might ponder: Should I lease a car through my business, or would it be more prudent to purchase one outright? How does leasing compare in terms of cash flow management and potential tax advantages? Could leasing provide the flexibility needed to adapt to fluctuating business needs, especially if I require the latest technology and features? Moreover, while the initial outlay for leasing may be significantly less than that of purchasing, what implications might this have for my long-term financial strategy? In the event that my business experiences growth, will a leased vehicle hinder my ability to adjust my fleet or expand operations? Alternatively, is the peace of mind that comes with ownership worth the extra investment? These considerations are crucial in determining the most strategic approach to vehicle acquisition for my business.

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