Category Archives: Taxes

Does a used car make sense as a business car? Yes, Definitely

Main Point: The shorter the remaining useful life of a used car, the greater the depreciation amount. Despite the lower purchase value of a used car, purchasing a used company car can be more attractive than buying a new car because of the higher depreciation values. Used vehicles are not popular for company cars. But with regard to depreciation, it can make sense to give a used car priority over a new car. LA City […]