answersLogoWhite

0

One advantage to registering your car under a business is the fact that you can depreciate the car over a few years. Depreciating your car will help you assign the cost of the car to the time period it was used.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

Buy a car under your small business?

You can buy a car under your small business. You have to register the car and insurance under the name of your business.


What services are provided by Advantage Finance in the UK?

Advantage Finance provides car financing to prospective customers when purchasing a vehicle. Advantage Finance has been in business in the UK since 1999.


What is a private car?

A private car is normally one owned by an individual or family. Business or commercial are owned or leased by companies for business purposes and are retained under the company name


When was Advantage Rent a Car created?

Advantage Rent a Car was created in 1963.


Does it matter that your car is registered under business name and your insurance is under you personal name?

I doubt it,I would make sure your insurance company knows that the vehicle is titled in the business name, and that the business is the owner of the vehicle.


What are advantages of incorporating a business?

The single largest advantage of incorporating a business -- the reason most companies do it -- is limited liability. Limited liability is a critical business advantage in today's litigious world. If you do not incorporate and your business is sued you can be held liable for all damages. The claimants can take your personal assets, e.g. your home and your car, even if they are completely unrelated to the business. If you are incorporated (and it holds up in court, i.e. the lawyers don't "pierce your corporate veil") then only the assets of the business can be seized.


What city airports have Advantage rental car booths on premises?

Many city airports have Advantage rental car booths on the premises. Some of these cities include Kansas City, Washington D.C, and San Francisco. There are many more cities with Advantage rental car booths on their premises. Check Advantage rental car's website for a complete list of cities with Advantage rental car booths on their premises.


How do you rent a car when you are under 25?

Renting a car if you are under 25 years of age is possible, but comparatively more pricey because statistically, drivers under 25 get into more car accidents. Now, companies like Advantage, Avis, Budget, Dollar, Enterprise, Hertz, National, and Thrifty allow drivers under 25 to rent, but they may have to pay an additional daily surcharge or underage fees.


How do you locate a car dealership that has went out of business?

If theyre out of business there wont be a car dealership


Why do girls have no business in car business?

Girls do have have business in car business look how much girls in the world know alot most guys inthe world


What is an advantage of using credit to buy a car?

You get to pay for the car over a period of time.


Can i have a car and title under my name and be added to my fiance's insurance policy without the car legally becoming his?

yes, the insurance policy is different from the car title (title is government, insurance is business) in most states, if you live together, you are both required to be insured on the car.