A smarter way to structure your luxury or collectible vehicle lease.

For business owners, executives, entrepreneurs, and professionals, the way a vehicle is leased can affect its after-tax cost, cash flow, and accounting treatment.

The Putnam Business Car Lease

When the vehicle is used for business, leasing through your business may offer important advantages.

Potential Business Expense Deduction

A business may generally deduct the portion of lease payments attributable to business use. Personal use is not deductible.

Potential Deduction of Operating Expenses

Depending on the method selected and the customer’s circumstances, the business use portion of expenses such as insurance, fuel, maintenance, registration, parking, and tolls may also be deductible.

Preserve Business Capital

Instead of tying up substantial capital in a $250,000, $500,000, or $1,000,000+ automobile, a Putnam Business Lease allows you to lease the vehicle while keeping capital available for your business, investments, or other opportunities.

Clean Business Accounting

When appropriate, having the business entity as the lessee can provide a straightforward way to account for the vehicle and its qualifying business expenses.

Designed for High Value Vehicles and High Net Worth Individuals

Putnam Leasing specializes in lease to own luxury, exotic, collectible, and iconic automobiles, vehicles that may not fit the traditional lending or leasing model.

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The Putnam Difference

Whether you’re acquiring a Ferrari, Lamborghini, Porsche, Bentley, Rolls-Royce, Aston Martin, Mercedes-Benz, or another exceptional automobile, Putnam can help structure the lease around your individual circumstances.

Business-use lease expense

Business Lease: Potential deduction
Personal Lease: Generally not applicable

Business-use operating expenses

Business Lease: Potential deduction
Personal Lease: Generally not deductible

Preserve business capital

Business Lease: Yes
Personal Lease: Yes

Business entity as lessee

Business Lease: Yes, when appropriate
Personal Lease: No

Personal use permitted

Business Lease: Yes, but tax treatment applies
Personal Lease: Yes

Detailed business-use records

Business Lease: Important
Personal Lease: Generally not applicable

Putnam Leasing does not provide tax, accounting, or legal advice. Customers should consult their tax advisor regarding the appropriate structure and tax treatment of their vehicle.

The information above is provided for general educational purposes only and is not tax, legal, or accounting advice. Individual results will vary.