Posted 12/15/25 This video is part of the Canna Tax Bytes Series.
Transcript
Hello. My name is Bruce Andersen. I’m a CPA located in Los Angeles, California. I want to give you a short little tidbit for the end of year planning. One of the best, best, best things that can be done is to buy a car or a truck between now and the end of the year. You can do either new or used.
Many times people think that leasing is a quicker process and costs a little less money, but just think about this: if you go ahead and buy a vehicle and put it on a finance contract, then you’re going to have just a down payment to make. The good thing is that you can take that full 100% write off for most situations, and write the whole value of that vehicle off. If it’s an auto, then it has to be more than a 6000 pound axle weight. But then you’ve got pickup trucks and those kinds of vehicles. That is something for serious consideration between now and the end of the year.
So that’s all for now. Thanks very much. Bye.