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Updated almost 5 years ago, 02/17/2020

User Stats

163
Posts
49
Votes
Michael Glaser
Pro Member
  • Investor
  • Venice, CA
49
Votes |
163
Posts

Buying A Car/Truck Through LLC

Michael Glaser
Pro Member
  • Investor
  • Venice, CA
Posted

I'm leasing a car right now and in the market to buy a truck this December when the dealers are trying to move the end of year models. 

My LLC is in Kansas, I work in California.

My employer gives me a car allowance and mileage. I drive the truck back to KC a few times of year to work on and look for real estate, so the truck is used for a portion of the year on my business. I would also hold calls in the truck as I manage my properties as well as other real estate related calls.

What are the options I would have buying this truck through my LLC? Pros? Cons? Tax benefits?

  • Michael Glaser
  • Loading replies...