Quote:
Originally posted by BradShaw@Jul 9 2003, 06:10 PM
Only downside is for the tax credit, car has to be in company name, and thus insurance is much higher. Right?
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My CPA steered me away from putting my car in the company name because of our sue happy society. Someone sees a company name and thinks big $$$ and suddenly their neck hurts in fender bender.
I'm little and just a subchapter S corp and with the 0% interest rates, it was better for me to buy than lease since I can write off my car use even if the car's in my name.
The 6000 GW vehicles are a pretty large list going as small as an Expedition.
But if you're Dad's buying it for you, isn't all this talk of leasing and doing it through your company useless?
