We have previously published content about buying an investment house, whether to buy it in the name of an individual or the name of a company, each has its own advantages and disadvantages, the key depends on why you buy it and how you buy it.
The same is true when buying a car. Don’t think that the more you spend, the better, for the sake of saving taxes. In fact, the most important thing is to be appropriate, because often the necessary money is spent, and the cost saved will be more than the tax you pay. Much more.
In a word, if more than 90% of the use of the car is related to the company's operation, you can buy the car under the company's name, and you can also use the company to pay the corresponding expenses; otherwise, you can consider buying the car under the personal name But take the part used by the company to the company for reimbursement. There are two ways of reimbursement: actual reimbursement or kilometers.
