The conversation between human and AI assistant.
Why should I buy vs. lease a luxury car?
Are there any tax benefits to leasing or buying a luxury car?
Yes, there are tax benefits to both leasing and buying a luxury car. When you lease a car, you can often deduct the lease payments as a business expense if you use the car for business purposes. When you buy a car, you may be able to deduct the interest on your car loan as a deduction on your taxes.