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Stille Sutton =| <QaCHARTERED ACCOUNTANTS Accounting Auditing Bookkeeping Consulting Taxation Data Processing Business Hours - 9 a.m. - 5 p.m. every second Thurs. & Fri. For appointment Feb. 16 and 17 -- contact Shawn or Bill, Collect Marathon (807) 229-1448 or Thunder Bay (807) 345-6571 Page 18, Terrace Bay-Schreiber News, Wednesday, February 8, 1984 Dollar Sense - Try leasing for business or high mileage car use } by BRIAN WALDMAN If you're .consider- ing leasing your next car instead of buying, you're in good com- pany. Government esti- mates are that 75 per cent of the general pub- lic will be leasing their cars by the start of the 1990's. But before you de- cide whether you should lease »r buy your next car, a few considera- tions: If your car is driven substantially, consider leasing. If you want to avoid a large cash out- lay for a new car, con- sider leasing. If your car expenses are tax de- ductible or you want to simplify your record keeping for tax pur- poses, consider leasing. cto <a 345-2307 © RCA XL Colortrack TV © Appliances by Hot OPEN Tues.-Wed.-Sat. 9 a.m.-5:30 p.m. : . Thurs.-Fri. Point, Inglis, oane et Jenn Air, Etc. Closed Mondays CHEARGEN © A complete Stock of . » Brand Name Furniture =z = Pusiness Dire GREYHOUND'S GOING . . . across Canada! » TWIN SPOT RESTAURANT pst: BIRCH MOTORS LTD. ackage expanse 24 Hour Towing Service Rerter Yur Agent Fo trips SUPERIOR GULF 824-2833 PROPANE OIL Biinegs "Bringing Northern Ontario together" ...at your newstand Lioyd Snider Contracting Terrace Bay, Ont. 825-9468 Painting, Wallpapering Trim finishing, Renovations, ' : Plumbing Repairs now: FREE ESTIMATES T John's Texaco LOTS OF GOOD BUYS Your service centre _Your Mini-Mart for THE be for gas, car repairs groceries, milk & abies Siee== | SH & towing. cigarettes. me SERVICE . Mon. - Sat. «MINI-MART fe: Mon. to Fri. Ny Saturday Sunday 8:30 a.m. to 6:00 p.m. 7:30 a.m. to 9:00 p.m. 8:00 a.m. to 9:00 p.m. 1:00 p.m. to 9:00 p.m. If you own your car and are eligible to de- duct it for tax pur- poses, then the govern- ment considers the vehi- cle an asset and stand- ardizes the amount you can deduct by placing it into a classification. Passenger vehicles are Class 10, which means you are allowed a capi- tal cost allowance or tax depreciation of 30 per cent a year on the un- cept for the year in which the vehicle is acquired, when the allowance is 15 per depreciated balance (ex- cent.) You can also deduct the interest portion of your monthly payments as an expense if you have borrowed money for its acquisition. On the other hand a lease is generally simp- ler when it comes to tax bookkeeping. Unlike an asset, you merely de- duct the total amount of the lease payments as an expense. But tax considera- tions are not the only factors to look at when you assess the advan- tages of leasing vs. buy- ing. Consider how you use a car. If you drive 20,000 to 30,000 miles a year, by the end of. three years, it will have a whopping 100,000 miles on the odometer. And a three-year-old car with that kind of mileage is worth virtually nothing on the used car mark- et. If you bought the car, you now have to trade it in for its rock bottom value and make another large capital outlay to get a new car. If you lease the car, continued on page 19 Call Us 887-2034 or Toll Free: ial Have you driven a Ford... lately? 1 - 800 - 'Brennen Bros. Ford Mercury ll Now at: 465-3304 | You Can at: BRENNEN BROS. Ford Mercury Hwy. 11 - 17 West Nipgon Built Ford Tough IS BELIEVING. 24 HOUR FURNACE SERVICE Phil's Burner Service R.S.F. Wood Stove Dealer Furnace Installation and Service P.O. Box 532 Schreiber, Ontario Phone 824-2354 ey, ® oo Chop Prices with these competitors you'll find in our Business Directory. 825-9135 i.m. dodick R.O. OPTOMETRIST B. Maskell Ltd. LAND SURVEYORS AND CONSULTANTS Box 1115, 905 Tungsten Street, Thunder Bay, Ont. 1119 Victoria Ave. ples | Phone 622-7726 Phone Thunder Bay 1 - 623-6611 \ Tilden THE MARCH Rent-a-car Service ben ae owTAR Spadoni Bros. Ltd. . e 8 ae niet SOU 2 7) weekly, monthly & long , LT) frm losing. may ene 2! Ly ae women need your help. 4 OF Please give generously. ABILITY FUND Call Larry at 824-2043 Daily, Weekly, Monthly Rates Reserve Today! 825-3268 AVIS RENT A CAR ISLAND VIEW SHELL Hwy. 17E. Terrace Bay