Company car lease questions

My company will pay 50% of my car lease payment. Is the best option to lease a car (half the payments covered for 36 months) then buy the car out at the end of the lease? We are in need of a new family car and thought this might be a way to arrange it so the company is paying for part of the new car. Am i missing anything or does this make sense?

Thanks.

Makes sense. Read the fine print of your company contracts.

Then find a car with the worst residual value. :slight_smile:

Looking at you, Genesis.

OP, find a decked out Genesis with a 40% residual.

Not directly OPs question, but on a note related to company vehicle leases: we are a 501©(3) non-profit organization and we have a monthly automobile allowance as part of the compensation package for our president. Question is what kind of documentation do we need to bring to a dealer to lease the vehicle in the organisation’s name? I’ve asked a local dealer, and they’ve given me very vague answers along the lines of “Ask your CPA”. We’re a pretty small organization, and don’t have the knowledge among our internal staff to know the ins and outs of how to get all this properly arranged, so hoping that others with similar experience can assist!