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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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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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.