Buying A Car Under A Business Name May 2026

: It keeps your business and personal assets legally distinct, which is crucial for maintaining the "corporate veil".

: Claiming a portion of the vehicle's value over several years, or using Section 179 to potentially deduct the full cost in the first year for qualifying heavy vehicles. buying a car under a business name

: If the car is financed, the interest paid on the business loan is generally tax-deductible. : It keeps your business and personal assets