Sell my car and lease a Truck for the writeoffs?

[Mark Hughes]

I have 20+ units now and interested in doing more BRRR and Flip projects in the near future after achieving FIRE in another year or two.

For this, I want to get a truck for renovation/landscaping/demo/home depot trips. Nothing too crazy, but maybe a Tacoma for around $30k or so. Would it make sense for me to sell my $15K Acura that I own free and clear to get a LEASE on a truck in order to be able to expense and write off some of the lease fee’s (obviously I would have to track mileage and I’m anticipating it would be approximately 65% business use and 35% personal use).

I've always been of te school of thought that it makes more sense for me personally to buy vehicles that are 3-5 years old to get a great price after the initial depreciation in value and then hold on to that car for years to drive it into the ground to get the most value out of it until repairs start getting too high and then do the same thing.....but now that My Rental LLC is scaling up to more and more units it might make more sense to be able to write off the lease expense (at least a portion of it) and go a different direction???

Thoughts??

[Pat L.]

@Mark Hughes

My issue is the lease mileage constraint. I can avg. 25k a year depending on property locations etc. However, my wife leases her Caddy's through her S-corp and she barely does 7500/yr. Thankfully Kohl's is barely 2 miles away.