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Hey all you CPA / Accountants, help us run down the pros and cons of leasing or buying a commercial vehicle. Let's assume this scenario; we're a small business looking to finance a delivery truck. We can afford the monthly payments for a lease or a loan, and we also have enough cash for the initial capitalized-lessors-cost or the loan down payment.
What's the best route? How do all the factors play in: off-balance-sheet financing (lease), depreciation, tax credits, etc.?
Hello! Do you know how heavy the truck is? Also, it is new or used? Are you interested in just taxation factors or do you keep GAAP financials as well? I am guessing you have already made your decision, but didn't see any replies, so thought that I would offer just in case!