The Best Way to Buy a Car for Your Business in Australia (2025 Update)

Looking for stress-free, fixed-fee accounting services? Book a consultation with us: https://www.boxas.com.au/book-a-consultation-yto/?video=BPAvWDIlXBM Need cloud accounting software? Sign up for Xero: https://xero5440.partnerlinks.io/boxas (this is an affiliate link and I will make a small commission at no extra cost to you) — In this Deep Dive, I cover the pros and cons of leasing, financing or outright buying a motor vehicle or asset under your business name and the tax implications you need to consider, to help you make a more informed decision. CHAPTERS: 00:00 - Intro 01:56 - Pros & Cons of Leasing 09:06 - Pros & Cons of Financing 13:00 - Pros & Cons of Buying Outright 14:54 - The Different Taxes You Need to Consider 20:30 - Decision-Making Framework 33:16 - How Depreciation is Calculated 43:46 - The Car Tax Limit 48:38 - Final Thoughts — Thank you for watching this video. I post videos on this channel to provide the latest and most frequently asked business questions. Please take a second to say hi in the comments below. Also, if you enjoy the video and find it valuable, subscribe to the channel, like and share it with anyone who you think might find my channel useful! — ► Subscribe to my channel here: https://www.youtube.com/c/DavieMach — Davie has over 15 years experience in advising businesses in management accounting and taxation issues. He heads up a passionate team at Box Advisory Group who are dedicated to offering proactive and outstanding service to our clients. Davie’s extensive experience in providing tax and consulting advice and astute business knowledge has paved the way for success for many businesses. He is a member of the Chartered Accountants Australian and New Zealand, a member of the Australian Tax Practitioners Board and holds a Bachelor of Commerce degree from the University of New South Wales. — Follow Me: LinkedIn: https://www.linkedin.com/in/davie-mach/ Instagram: https://www.instagram.com/boxas_syd/ Facebook: https://www.facebook.com/boxadvisory/ Website: https://boxas.com.au/ TikTok: https://www.tiktok.com/@boxadvisory — Disclaimer: This video is for informational purposes only and should not be considered financial or legal advice. This video does not take into consideration your personal circumstances. Consult with a qualified financial planner, tax advisor or legal consultant before making any decisions regarding investments.