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 »
I was tempted to open with a joke about rates, but honestly, at this point, nobody feels like laughing. But there is good news – we are hopefully nearing the end of rate hikes. As you well know, over the last 18 months, the Federal Reserve has been steadily raising rates. This year they paused in June, raised… Read More »
This was a question I was emailed the other day and I thought it would make a great blog post. The emailer asked “how old can a used vehicle be and still get financing?” He was asking about this because he was already turned down by another equipment financing company due to the vehicle’s age. He wanted to… 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 »