Blew my engine day one of holidays. Truck kaput...

pianotuna wrote:
100% of the lease is a business expense, less any "personal" driving distances. On a loan only the interest is a business expense.

Ok in the US we also deduct depreciation and any loss or gain when sold. Works out exactly the same in the end. If the GVWR is over 6,000 there is an accelerated depreciation schedule. All business cost is deducted regardless if lease or purchase. Or just take the standard mileage deduction if that is to your advantage or for ease of bookeeping.