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| Author: | O'Neil, C. Samelson, D. Wills, M. |
| Title: | The Business Auto Decision |
| Journal: | Journal of Accountancy
2001 : FEB, VOL. 191:2, p. 65-73 |
| Index terms: | CAR INDUSTRY LEASING DECISION MAKING |
| Language: | eng |
| Abstract: | The paper considers following subjects: 1) The decision to buy or lease a business auto is complex, complicated by both tax and cash flow considerations. Making the right choice is easier if a CPA uses discounted cash flow analysis to compare the available options. 2) Car buyers can research the many financing options on the Internet. A wide variety of Web sites are available to help consumers find the right model and understand the lease vs. purchase options. The authors have created a spreadsheet calculator, available online to help CPAs compute the after-tax net present value of both options. 3) Taxpayers engaged in a trade or business are eligible for significant tax savings from the business use of an auto. |
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