Before claiming any deductions, be sure to review IRS guidelines and speak to a tax professional

Actual Car Expenses

• Registration fees
• Lease payments
• Depreciation
• Repairs
• Gas and oil
• Garage rent
• Parking fees
• Tolls
• Tires

Leasing Lingo

Acquisition Fee A fee charged to the lessee to start a lease, which generally begin in the $400 to $500 range.

Closed-End Lease In this lease, the residual value (value of the vehicle at the end of the lease) is estimated and agreed upon in advance by you and the dealer. Lire la suite