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Cars and Transportation
Reply to "Why do salespeople pushing leasing?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Lease rates: https://www.cartelligent.com/blog/which-car-brands-do-people-lease-or-buy [/quote] Wow that is really interest data. The tax code completely props up the luxury market - Audi, Mercedes, BMW. People lease because they can deduct the payments against the income of their business. If the US government eliminated the deductions for car lease payments - or capped the amount of the deduction - I think you'd see a radically different car market in this country.[/quote] I'm never going to make DCUM money and it grinds my gears to see adds promoting Range Rovers and BMWs to our small business bragging about this tax break. At least I know that it's not just the company paying for the boss's car - it's the US taxpayers, too. Somehow, this slipped through the administration's revision of the tax code.[/quote]
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