<prompt> Human: I met with a new CPA because I didnt like my last guy. In our initial meeting, I tell her my car is 19 years old and Ill be making a major purchase soon. She says to buy new or lease for the best tax advantages. I always thought the smart way was to buy used. I have a business and she tells me that business owners should buy new or lease. Im torn. Please help explain.edit: I may also keep the older car as my personal vehicle and use the new car for business use only. That is an option since I owe nothing on the older car and selling it wont get me much.edit 2: Thank you for all your advice. I appreciate your time.  <response>: This is completely anecdotal and also not about tax at all, but Ive looked at the used car and new car market in my area a lot and have recently purchased 2 new cars. I never thought I would ever purchase a new car as people say how bad of deals they are. Ive realized now that everyone has that same mindset and I believe as such it has really inflated the used car market. It seemed like in my market that I could get a 4 year old car with 30k miles on it for maybe 4k less than a new car and with no warranty, to me thats a bad deal, Id just buy new. I had purchased a new car for 24k out the door pretty much directly MSRP since it was special ordered, drove it for a year and put 12k miles on it in that year and then realized I didnt need a car that big, so I decided I wanted to trade it in and purchase a smaller car. I traded it in for 21k and then purchased another car for 14k brand new 3-4k under MSRP! I saw my car listed on their site again and they only put a 1k mark up on my old car. It was a year old with 12k miles on it and a dent and was only 2k less than new. The second car I got is the same story pretty much, that car used would probably be 13k or so, if not more than what I paid new. Dealers get incentives from manufacturers to sell cars, and they have motivation to move them off the lot since they cost money to sit there. There seems to be great deals with new cars if you look around and time things correctly, Ive only seen great used deals every once in a blue moon. 