Re: [AFMUG] Vehicle Leases

2015-05-27 Thread Lewis Bergman
Efleet was great to work with On May 27, 2015 11:45 AM, "Josh Corson" wrote: > What has been the experience with leasing commercial cargo vans? Any > hidden gem companies out there that are awesome to work with? > Pros and cons? > > Thanks! > > -- > > *Josh Corson* > Operations Manager > BlueBit

Re: [AFMUG] Vehicle Leases

2015-05-27 Thread Travis Johnson
Hi, Like I said, you would need to check with your accountant. If you are buying $500,000 worth of equipment per year, you can't depreciate a vehicle in a single year, because there are annual limits. In that case, leasing is a better deal because you can write off the total amount of the pay

Re: [AFMUG] Vehicle Leases

2015-05-27 Thread Lewis Bergman
We leased from eFleets, a division of Enterprise, and if my math was correct we saved over buying with cash or 0%. I know it seems odd but they buy over a million vehicles a year and get better breaks than you or I. I compared a single vehicle line for line from Enterprise and two loacl dealers an

Re: [AFMUG] Vehicle Leases

2015-05-27 Thread Sean Heskett
Compared to 0% the "tax advantage" does matter much and the interest savings is greater than the "tax advantage" You can still depreciate the asset and lately we've been able to depreciate 100% of the vehicle in the first year when you purchase. Compared to writing off the lease expense (and if y

Re: [AFMUG] Vehicle Leases

2015-05-27 Thread Josh Luthman
My accountant told me to buy (this was August 2013) Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Wed, May 27, 2015 at 1:33 PM, Travis Johnson wrote: > Leasing vehicles has other tax benefits that you don't get with buying. > Check with your

Re: [AFMUG] Vehicle Leases

2015-05-27 Thread Travis Johnson
Leasing vehicles has other tax benefits that you don't get with buying. Check with your accountant. Travis On 5/27/2015 11:28 AM, Sean Heskett wrote: Interest rates on cars are so low right now it's worth it just to buy. We just got 0% for 4 years on our new tundra. 2 cents -Sean On Wednes

Re: [AFMUG] Vehicle Leases

2015-05-27 Thread Josh Luthman
Waste of damn time to lease the vehicle IME. I bought a brand new Tacoma, 5 years something like 0.9 or 1.9%. Not a big expense after dealing with an old rickety Ford for years. The Tacoma's really really hold their value. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Su

Re: [AFMUG] Vehicle Leases

2015-05-27 Thread Sean Heskett
Interest rates on cars are so low right now it's worth it just to buy. We just got 0% for 4 years on our new tundra. 2 cents -Sean On Wednesday, May 27, 2015, Josh Corson wrote: > What has been the experience with leasing commercial cargo vans? Any > hidden gem companies out there that are aw

[AFMUG] Vehicle Leases

2015-05-27 Thread Josh Corson
What has been the experience with leasing commercial cargo vans? Any hidden gem companies out there that are awesome to work with? Pros and cons? Thanks! -- *Josh Corson* Operations Manager BlueBit Networks bluebitnetworks.com o. 573.355.5381 c. 573.259.3073