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What is the difference between deducting a car loan vs. a lease payment?

With a loan, you deduct depreciation and interest, not the payment itself. With a lease, you deduct the actual lease payment. The timing and amount of the deductions differ: loan deductions are front-loaded through Section 179/bonus depreciation, while lease deductions are spread evenly over the lease term. Both methods can be effective depending on your tax situation.

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Excellent service!! Made the process of finding and leasing a car effortless! Third time using David. Thanks for everything!!
Excellent service!! Made the process of finding and leasing a car effortless! Third time using David. Thanks for everything!!

Stacy Sackett

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I am a 79 year old man. So by this time I have had plenty of cars and dealings with car salesmen/brokers. Vantage Auto Group is far above the rest. Their responsiveness and aim to please the customer is incredibly rare. I would recommend them to anyone interested in buying or leasing a vehicle,

I am a 79 year old man. So by this time I have had plenty of cars and dealings with car salesmen/brokers. Vantage Auto Group is far above the rest. Their responsiveness and aim to please the customer is incredibly rare. I would recommend them to anyone interested in buying or leasing a vehicle,

Martin Blaustein

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I had an outstanding experience leasing my car from Vantage Group. From start to finish, the process was seamless and stress-free. I wholeheartedly recommend them to anyone looking for a smooth and enjoyable car-buying experience!

I had an outstanding experience leasing my car from Vantage Group. From start to finish, the process was seamless and stress-free. I wholeheartedly recommend them to anyone looking for a smooth and enjoyable car-buying experience!

Stefanie Jurista

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Vantage auto group made the car buying process simple and painless!
Vantage auto group made the car buying process simple and painless!

Lauren Nissenblatt

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Sean did such a wonderful job. I cannot thank him enough. The two young men he sent to deliver the car did a great job also
Sean did such a wonderful job. I cannot thank him enough. The two young men he sent to deliver the car did a great job also

Kenny Barnett

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Front view of three luxury SUVs in blue, silver, and black, positioned side by side with the blue vehicle centered.

Sean and the Vantage Auto Group made the entire process seamless from start to finish — I can’t recommend them highly enough!!

Sean and the Vantage Auto Group made the entire process seamless from start to finish — I can’t recommend them highly enough!!

nicole berman

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Outstanding service and experience!Many thanks Sean for getting me a great deal and hassle-free experience. 👍👍

Outstanding service and experience!Many thanks Sean for getting me a great deal and hassle-free experience. 👍👍

Sinuhe Valle

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Vantage Auto Group is the most efficient and professional group to get a car from.David, my contact was very professional and a pleasure to deal with

Vantage Auto Group is the most efficient and professional group to get a car from.David, my contact was very professional and a pleasure to deal with

Joe Bouton

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Front view of three luxury SUVs in blue, silver, and black, positioned side by side with the blue vehicle centered.

Working with Vantage Auto Group was a real pleasure. They made the leasing process easy, without any of the normal stress of going to and dealing with the dealership. This is my second time working with Dave and his staff and it was as smooth the second time as it was with the first lease.

Working with Vantage Auto Group was a real pleasure. They made the leasing process easy, without any of the normal stress of going to and dealing with the dealership. This is my second time working with Dave and his staff and it was as smooth the second time as it was with the first lease.

William Jenkins

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