Mileage restrictions and you don't own the asset at the end . 3. Financing the Purchase
If you decide to buy, you can secure financing through traditional banks or specialized commercial lenders. how to buy a car for a business
Lower monthly payments, easier to upgrade to newer tech every 2–3 years, and simpler tax deduction of monthly lease payments as a business expense . Mileage restrictions and you don't own the asset at the end
Full ownership, builds equity, no mileage limits, and unlocks the largest Section 179 deductions . Cons: Higher upfront costs and monthly payments . Leasing: no mileage limits
To qualify for any Section 179 deduction, the vehicle must be used for business purposes more than 50% of the time .