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.
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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
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.