One of the reasons my last post was about partial business-use vehicles is we (as in Crest Capital) have dipped our toes into this area. In late 2023, we quietly launched a new program to finance business-use vehicles and SUV’s in the company name. This may not seem like a big deal on paper, but in the real… Read More »
Let’s talk about partial business-use vehicles for a moment or three. Because we get asked about this a lot. Most of the questions are tax-related, and we can’t give official tax advice. But there are tax deductions for partial business-use vehicles, and most of them follow the same rules, which I’ll outline here. The big rule is how… Read More »
In my last post I mentioned business vehicles and insurance, and that you really need a commercial business vehicle policy. And to me, there’s no negotiation on that – doing business without it is way too risky. But just “why” do you need a commercial auto policy for a business vehicle? Here are a few reasons: There are… Read More »
I was talking with an old friend the other day who has a successful landscaping company. And the subject of business vehicle insurance came up, and how he almost learned the hard way how important it is. Let’s back up about 15 years – my buddy decided to start a landscaping business, and like many others, basically went… Read More »
One thing we’re very proud of at Crest Capital is the minimal amount of paperwork we both require, and generate. Time was when equipment financing was ALL paper-based. You filled out a paper application, you usually got an answer via another piece of paper, if you were approved everything was put on paper for you to sign, and… Read More »