Can I Lease a Car for Business Use?

When you buy a new Jeep® or Dodge vehicle to use for your business, you can write off some of the costs of car ownership on your taxes. But what about if you prefer to lease a Jeep SUV? There are some good reasons to lease a business vehicle too, and the financing experts here at Helfman Dodge Chrysler Jeep® RAM FIAT can tell you about them.

Why Lease a Car For Business?

The first good reason to lease a car for business is that you can write off the monthly payments. In some cases, you can write off the entire amount. If you also use this vehicle for personal reasons, then you may have to do some math and deduct only a portion of the payment each month.

You can also write off various travel expenses. If you drive a lot for work, you’ll appreciate this. There is a specific rate that you can use to write off mileage and some other costs, like gas and insurance, can also be written off.

Another potential write-off is the sales tax you pay on your vehicle. There are limits to this and a specific formula that needs to be followed, so you’ll probably want to talk to an accountant about that. If you’re looking for a way to reduce your tax bill and keep some more money in your pocket, leasing one of our new cars, trucks, or SUVs might be a good option for you.

Lease a New Vehicle in Houston, TX

So, if you’ve been thinking about leasing a brand-new vehicle for your business, visit our Dodge dealers. We can help you find a new model that offers everything that your business requires, and we’ll tell you more about our latest lease offers.