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What happens if I lease a car for my Postmates food delivery and after the lease term is over I decided to buy the car can i still write off the experience

 
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RobertG
Expert Alumni

What happens if I lease a car for my Postmates food delivery and after the lease term is over I decided to buy the car can i still write off the experience

Yes, just treat the lease of the vehicle and the purchase of the vehicle as two separate events.

 

Claim vehicle expenses as a lease during the term of the lease, claim expenses as an owned vehicle after the purchase.

 

See: Buy or Lease Your New Business Vehicle?

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