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The Hultquist Blog

Can I or should I buy a vehicle in my business’s name?

  1. This is a question we get a lot, but it’s not a simple yes or no.
  2. Typically, it makes sense to buy the vehicle in your business if you will be using the vehicle for almost 100% business use. This does not include commuting from your home to your office.
  3. When you use your vehicle for less than 100% business purposes it is often cleaner and more beneficial overall to own it personally. Then you can have your business reimburse you for business mileage, which is a deduction for the business.
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