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The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

Jul 27, 2020

In episode 283 of Financially Simple, Justin and Jeff Jeter of Heritage Investors 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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TIME INDEX:

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

 

RESOURCES:

Jeff Jeter, Heritage Investors, LLC

Standard Mileage vs. Actual Expenses: Which Is Best?

Financially Simple Educational Website

Financially Simple on YouTube

Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9.

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Financially Simple - Ep. 163

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BIO:

Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, 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. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.