The difference between a company buying a car and an individual buying a car.

The difference between buying a car by Pacific Auto Network Company and buying a car by an individual is: 1, and the ownership of the car is different. The vehicles purchased by the unit are owned by the unit; When an individual buys a car, the vehicle belongs to the individual. 2. The purchase procedure is different. Individuals only need to bring their ID cards when buying a car; Companies need organization code certificate and business license to buy a car. 3. The insurance fee is different. Personal vehicle insurance is low and commercial insurance is high; The company's auto insurance is higher and the commercial insurance is much lower.

Benefits of unit buying a car:

Related expenses can be reimbursed in the company and included in the cost, thus reducing profits and achieving the purpose of paying less corporate income tax. Many companies put their private cars in the company for this purpose. If the money comes from the company, it can't be credited to the personal account.

The car value-added tax purchased by the unit cannot be deducted. The tax law stipulates that for the fixed assets purchased by ordinary taxpayers, except for real estate (houses and buildings) that are easy to be used for personal consumption such as cars and yachts, all other purchased parts can be deducted from the input tax amount with special VAT invoices.

(Photo/Text/Photo: Pacific Auto Network Lin Hong)