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    I am a contractor for the Oil and Gas Industry; for tax purposes, is it better to lease or buy to own a vehichle?

    0  Views: 205 Answers: 3 Posted: 6 years ago

    3 Answers

    There are many factors involved in that decision.  Ask your accountant.

    That depends on numerous factors such as, place of residence, term of lease, accumulated mileage, specific use of vehicle, specific make and model of vehicle, personal use of vehicle, etc. There is no one answer that fits all.


     

    Yes it would be better to buy !

    Ducky

    Moderator
    Not necessarily. We need a lot more information to be able to say, one way or the other.


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