The answer depends on a number of factors.  See this posting by Eva Rosenberg (TaxMama.com) in Equifax Finance Blog:

http://blog.equifax.com/tax/should-i-buy-or-lease-a-car/

To save money it is cheaper to buy a higher quality car and drive it a long time (or maybe slightly used), but leasing a new car every three to five years will give you a higher tax deduction most of the time.

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