Pros and Cons of leasing under a LLC?

[littleviolette]

Try reading these first, then maybe we can start a wiki list of the pros and cons:

Leasing a car with an LLC

I think I have a general idea, but curious about any hacker thoughts regarding leasing a car with a newly created LLC. I assume I’d have to use my personal credit file for approval, but after that would there be anything preventing the lease from being in the name of the LLC? I see many advantages such as plate readers popping up LLC names versus personal, etc. Any other thoughts on pros/cons in doing this? Would dealers allow it? Thanks

Leasing a Vehicle as a Company - Process, Constraints & Personal Tax Implications

Hi everyone👋 I’m considering leasing a vehicle under my company’s name for business purposes and was hoping to get some advice. What is the process for leasing a vehicle as a company (as opposed to an individual)? Are there any specific constraints or requirements I should be aware of? If I plan to use the vehicle for both business and personal use, does this need to be processed as an employee benefit or categorized differently? Do I have to report the personal use portion on my W-2 and be r…

Leasing vs Buying a car for small business write-off

Hey all, I understand this is a leasing site, but wanted to get some feedback in the lease vs buy discussion when it comes to writing off the expenses as a small business owner. I plan to start an LLC later this year, and have recently been exploring the option to write off car expenses, and was wondering what more people have had success with, or if it just comes down to personal requirements. I wouldn’t be driving a ton for work, so I’d probably go with the Actual Expenses method, but just wa…

Leasing/Buyin under an LLC or INC

Hi there, have anyone being able to lease/buy under an LLC or INC by itself without putting yourself as a guarantor? I have dealt in the past with Lexus, VW, Porsche, Audi and currently Toyota where I have my cars under my company but they have always asked me to be a guarantor. Las week while I was at a Jeep dealership in Miami servicing my Wrangler I met with a friend that currently drives a Charger Hellcat and he told me he was able to lease his under his INC company, dealer did not even as…