seep: he/she/it: seeps: present participle: seeping: past tense: seeped: past participle: seeped
If you lease a new car for use in your business, you will probably be able to deduct the lease payments from your taxes as a business deduction. However, you need to be careful and keep track of all the miles you spend in the car and whether the miles traveled are for business or personal reasons.
The tax rules offer a choice of vehicle expense deduction methods, and if you itemize the vehicle expenses, a portion of a lease payment can be used as a business expense. A regular vehicle loan payment is not a deductible expense.