What's the difference between buying a car by an individual and buying a car by a company?

There are three differences:

1, if an individual buys a car, he can only spend it personally, and the ownership belongs to the individual; If you buy a car through the company, you can make an account in the company and list the vehicle as the company's assets, and the ownership belongs to the company.

2. If the company is an individual, it can only be insured according to the nature of non-operating enterprises when it has an enterprise organization code certificate; Buy a car in your own name for your own use.

Buying a car in the name of an individual or a company has its advantages and disadvantages. If the company operates for a long time, it is recommended to buy a car in the name of the company.

Extended data:

1. If you buy a car in the name of the company, the ownership of the car belongs to the company. Financially, if it is paid in one lump sum, then the maintenance and gasoline costs of the financial car will be regarded as the company's expenses in the future, and this car will also be regarded as a part of the company's fixed assets.

2. When a company buys a car in the name of the company, it needs to pay the fixed assets tax, but it can reimburse the insurance premium, road maintenance fee and gasoline fee.

3. If you buy a car in your own name, you can only reimburse the gasoline fee (provided that you have the rental procedures), and you can use it after paying the income tax, but the rental fee can be determined according to the company's operating conditions.

References:

People's Daily Online-"Shell" Company uses "lowest price" as bait for fraud.