Quote:
Originally Posted by Swift135
If you buy outright and have the car in a business name the tax implications are the same if it is depreciated correctly, and you save $ on the interest, and can sell/trade whenever you wish.
By the way what is the method of payment in the OTHER category ?? sexual favours to the BMW dealership for the life of the car??
|
True, but to me the opportuny cost of the capital expenditure can be better used else where. I guess it depends on the nature of the business and how much extra cash you have in the business and other capex requirement.
Good question about OTHER. Maybe by credit card? :biggrin: You can do it with an Amex black if you negotiate an agreed rate with the dealer.