Do anyone lease their car and how you claim that as car expenses (the payment)?
We always owned our car. We thinking maybe change in next little while. I not drive my daycare children in my car so that not issue. I do claim day care running around for bank, groceries, as percentage of car expenses each year.
At moment, we work out the kms travelling for each day care errand, then add up at end year to find out what percent of total kms were business use. Then that percentage is applied to gas cost, car plates, car maintainings. We normally buy car with savings, so never had to claim loan repayment before.
We just trying see if buying and claiming part of loan repayment is best. Or if leasing and claiming part of lease payment is best.
Thank you.