Thread: Leasing Trucks
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Old 02-01-2007, 12:00 PM
mrusk mrusk is offline
LawnSite Gold Member
Join Date: May 2003
Location: northern jersey
Posts: 3,260
Originally Posted by IRRITECH View Post
Yes, I have heard of that, but as of yet I cannot get a straight answer from my accountant. I seriously doubt that you can lease it back to the company for more than the fair market value, but that should still be more than your payments.

Which would definately help your bottom line.
I am not sure if there are limits on what you can lease it for. But i know you got to remember that any money you make on that lease is taxable!
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