There may come a time when you need to acquire a car to conduct business. As keeping the company operational costs to a minimum, it is necessary for entrepreneurs to review all of their financing options before making a decision. Whether paying cash, financing through an auto lender or leasing from the dealership, they all have factors that need to be considered as it relates to your business needs and finances.
Comparisons to Consider
Tax Benefits – a car that is financed or paid for in cash is considered a company asset which can generate tax benefits. A leased vehicle, however, does not provide this benefit.
Initial Costs – A car that is paid for with the help of auto finance companies will have more initial costs. You’ll be required to pay for a down payment, whereas a lease typically requires a deposit of one monthly payment.
Mileage – mileage …