Looking to buy or lease a new auto or truck? If you own a business, you should definitely complete that transaction BEFORE the end of your taxable year. This will allow your business to take full advantage of your purchase. Whether you finance or buy your new vehicle, you can take advantage of the IRS Sec. 179 deduction (Depreciation) which could be substantial in the case of heavy trucks or heavy SUVs.
Don't trust your auto dealer, they will tell you that "leasing" a heavy truck has tax advantages, not so. In fact, there are luxury auto add backs that you should be making on your tax return. Good luck auto shopping.
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