Advantages and disadvantages of buying a car in the name of the company

What are the advantages and disadvantages of buying a car in the name of the company? ? One is the deduction of value-added tax and the other is the deduction of income tax. To put it simply, your car is getting cheaper and cheaper. Company card, the insurance fee is cheap. 1. In case of an accident, the compensation amount may be large. Remarks: you have to pay tax when you sell a car, but it is the tax on the price when you sell a car. Advantages and disadvantages of buying a car in the name of the company: (1) Advantages: it can be used as a company asset to extract depreciation and reduce the company's corporate income tax. (2) Disadvantages: As the company's assets, when the company goes bankrupt or there is an economic dispute in the future, the car is a part of the debt-paying assets. When it is transferred back to an individual's name in the future, it must also go through the resale procedures and go through the transfer procedures after paying the relevant taxes. (1) If you buy a luxury car in the name of an individual, the vehicle is in the name of the individual, and the property right of the car belongs to the individual. (2) It will not be detained or included in property liquidation due to bankruptcy or disputes of the company. (3) Do individuals deal with themselves? Advantages and disadvantages of buying a car in name: (1) Advantages: It can be used as a company asset to extract depreciation and reduce the company's corporate income tax. (2) Disadvantages: As the company's assets, the company will go bankrupt in the future or