My friend is looking for advice on buy/lease Prius V or regular or the new PHP? I don't have much experience on those so here I come to you... First of all, she owns a 97 caravan from new. Drives about 12K/y. Very conservative style, does not care too much about high tech. She is a small business owner with one million+ revenue. So the leasing option is considered because of tax deduction benefit. She is certainly open for used or buying new other than leasing. She does not need to haul lots of stuff, that's why she was considering regular Prius. I think since she owns a minivan, the Prius V might fits her better, with less gap in size at least. But all options should be open, including Lexus HS and 450h, the Camry Hybrid. So go ahead, give her all your valuable advice and I will digest and pass on. Thanks!
Call an accountant, and ask if "Bonus Depreciation" works for her situation. If yes, buying might be the way to go. The Feds can print money out of thin air.... What a racket. See: Bonus Depreciation and Increased Section 179 Deduction under the American Recovery and Reinvestment Act
Thx! That actually sounds like justified because small businesses don't have much loopholes like their big competitors. :cheer2:
