Jul 27, 2020
In episode 283 of Financially Simple, Justin is joined by Jeff Jeter to discuss whether or not, as a Small Business Owner, you should buy or lease a vehicle.
With the current COVID-19 pandemic affecting our finances and remote work, it might be time to consider either buying a vehicle or leasing one to make the most of the situation. Justin and Jeff go over the pros and cons, and practical realities, of buying or leasing a vehicle.
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00:57 - As A Business Owner Should I Buy Or Lease A Vehicle?
02:13 - Things to Consider
02:46 - How Far Do You Drive?
04:32 - Recurring Payments & New Cars
08:59 - Short On Cash, Strong On Credit
10:07 - Do You Use Your Car for Business?
11:42 - Cleanliness & Customization
13:42 - Summary
15:51 - Final Thoughts
16:35 - Wrap Up
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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.
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