Complimentary NY Metro Delivery + Total Loss Protection Available • See How It Works

Just Text Us

(201) 815-8216

Can I take Section 179 on a leased vehicle?

Not directly. Section 179 applies to purchased vehicles. However, if you lease a vehicle for business, you can deduct the lease payments as a business expense instead. In many cases, the lease deduction provides comparable or even better tax benefits depending on the vehicle price and your tax situation. Consult your accountant to compare both options.

See all FAQs