Are there tax benefits associated with leasing?

For an expensive vehicle, the state sales tax can be substantial. With a lease, in most states, sales tax can be incorporated into the monthly payment schedule. This provides the car owner with the use of that money over the term of the lease. More significantly, if the car is leased under a business name, pre-tax dollars may be used to pay for the lease. Always consult with your accountant or financial advisor regarding tax-related issues.