Is it better for a business owner to buy or lease a vehicle? Lifestyle dictates which decision is best for you. Watch as Steve walks you through many of the lifestyle considerations that will help you decide whether it’s better for you to lease or buy your next vehicle.
You may be wondering if you should buy a car under your company name so you can deduct depreciation. For tax deductions you must track mileage as well as other components. If you own the car personally and decide to deduct you must still keep track of mileage and the company can reimburse you as well as the company can take a deduction.