option to buy Rent payment, insurance payment, and taxes If you buy a car and lease it out, you can use that as a tax deduction Leasing a car and owning a car being leased are both liabilities. One problem with leasing is default. Terms and conditions- t/c, tac… Should always ask; “what are the terms and conditions of the lease/loan?” “Residual Value” net difference between market value of asset less any liabilities pending against that asset value in market place after loans and liabilities have been…
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