I have a situation where I can assume a lease on a car.  However, the car is 6 months old so it's not new.  If I transfer this lease to me and use this car for my business (currently my use is about 75% business, 25% personal) can I just use the actual expense method on this vehicle the same as if I went to the dealer and entered into a new 36 month lease on a brand new vehicle?  Are there any special circumstances since the car is not new?

TIA

Not a CPA, but the answer is yes.  No special considerations as a result of the car not being new.

Make sure you understand how the "leased auto inclusion" works.  It's basically phantom income that keeps you from getting around the depreciation limitation on automobiles by leasing instead of purchasing.

Yep fully aware of that.  But I do have a question about that.  With a brand new car lease, the 1st, 2nd, 3rd year of the inclusion amounts table is self-explanatory.  In my example since the car wouldn't be new, will I still use the 1st column of the 2016 Inclusion Table since 2016 would be the first tax year *I* leased the vehicle?

Yes.  The tables are based on the first year the vehicle is leased by you, not when it was a new vehicle.

Thank you!