Lease car vs buying car

[playfelt]

What I was told to do since the only transportation I was claiming was for things like trips to get supplies and not outings was to record the distance there and back and then to use the private vehicle motor rate that Revenue Canada sets each year as so much per kilometer and to use that for my claim as there was no sense in keeping track of the vehicle expenses for the few kilometers used. That might be one thing to consider is to take what you did last year - ie once you figure out the distance to a certain store or mall then you just add up the number of trips to get a total then decide if the easier way might actually be to your advantage.

As far as the lease vs own I have heard a lot of horror stories from people who lease that when they go to trade in the vehicle the final report has a lot of way out in left field type damages on it etc and you end up losing big time. But or sure talk to some that have done it and what they found. It may be that certain dealers are better than others too.