FL350
WAR EAGLE!!!!
- Joined
- May 12, 2002
- Posts
- 233
I don't have my MBA and I am not an accountant so maybe this is a stupid question but....
Why would a corporation lease an airplane rather than buy it? If they lease it, the company is throwing away the money. As far as I know there are no tax benefits and you aren't building equity in the airplane.
If you buy the plane, yes you have a lot of capital tied up but you can depreciate the airplane over a number of years on the companies books. When you turn around and sell the plane, it will have come close to paying for itself.
Like I said, I am not an accountant nor do I have my MBA. I am just a well paid taxi driver. If anyone can enlighten me I would appreciate it.
FL350
Why would a corporation lease an airplane rather than buy it? If they lease it, the company is throwing away the money. As far as I know there are no tax benefits and you aren't building equity in the airplane.
If you buy the plane, yes you have a lot of capital tied up but you can depreciate the airplane over a number of years on the companies books. When you turn around and sell the plane, it will have come close to paying for itself.
Like I said, I am not an accountant nor do I have my MBA. I am just a well paid taxi driver. If anyone can enlighten me I would appreciate it.
FL350