I'm thinking of painting off my lease purchase. No balloon payments.I currently owe 44000 in lease.The beginning amount was 131000.
My question is:What taxes are gonna have to be paid when I pay the truck off?
I don't have to pay any taxes to the company I got the truck from.
Thank you
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Paying off lease purchase
Discussion in 'Lease Purchase Trucking Forum' started by Sphillips38, Jul 14, 2020.
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Oh good lord, no.
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Talk to an accountant
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Accountant AND your co.
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Someone on his YouTube video said he went through 2 leases & got smart on the 2nd one. At the end, he took the truck to a dealership & traded it in.
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