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Updated over 4 years ago,
Purchasing Company Vehicles
Hey guys! I own a property management company and also a moderate size portfolio that we self-manage. Some of my employees are starting to get reimbursement costs to go through the roof as we extend our property management reach to cities further out from our home market - some 60-90 minutes away. Myself and my leadership team are looking at possibly purchasing 3-4 company vehicles for the high travel employees, but we do not know where to start in relation to evaluating vehicles, developing company policy, tax implications, lease vs buying, and insurance. Obviously a bit of research is still needed on this end, but does anyone have any experience, ideas, or insight in this area?