Van Ownership – Leasing Or Buying
What are the differences between leasing or buying a van?
When you buy a van, you are purchasing the vehicle outright. The purchase gives you complete ownership of the vehicle.
With van ownership, you are responsible for all the maintenance and the management of your vehicle. The van can be purchased with cash or on credit.
When a van is purchased by a business, it becomes a business asset in the form of a capital asset. This means that you can use the van for tax deductions, swaps, loans […]