We have previously published content about whether it is better to buy an investment property in the name of an individual or a company. Each has its pros and cons. The key lies in why you buy and how you buy it.
The same applies to buying a car. Don’t think that you should spend as much as possible just to save taxes. In fact, suitability is the most important thing, because often the savings from spending necessary money will be much more than the taxes you pay.
In short, if more than 90% of the car's use is related to the company's operations, you can buy the car in the company's name, and you can also use the company's expenses to pay for the corresponding expenses; otherwise, you can consider buying the car in your own name but take the company's use part to reimburse. There are two ways to reimburse: actual expenses or mileage.
