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Financially Simple Business


Jun 13, 2019

In episode 164 of Financially Simple, Justin compares Leasing and Buying a car as a Small Business Owner.

If you’re planning on getting a new vehicle some time soon, you might be wondering whether it’s better to buy or lease. Justin considers the pros and cons of buying vs leasing a car when it comes to your Business and Taxes.

 

TIME INDEX:

01:01 - Should a Business Owner Lease or Buy a Car? Weighing the Pros and Cons

01:11 - Three Points to Consider

02:54 - Pros of Leasing a Car

06:42 - The Cons

09:03 - Pros of Buying a Car

12:27 - The Cons

13:03 - Purchased vs. Leased - Taxes

17:12 - Summary

 

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DISCLAIMER:

The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States. Host Justin Goodbread is a serial entrepreneur, CFP (Certified Financial Planner), CEPA (Certified Exit Planning Advisor), CVGA (Certified Value Growth Advisor), Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional.