Cars have now become a means of transportation for most families. It is very inconvenient to go out without a car; but for companies, the importance of cars is even more obvious, not only can they effectively reduce When you are out working, a good car can also make your company more attractive. So what procedures and conditions are required for a company to buy a car?
Procedures required for a company to buy a car 1. Buy a car with full payment Generally speaking, when a company buys a car with full payment, it only needs to bring the company’s business license and organizational structure Code certificate, ID card of the person in charge, power of attorney, tax registration certificate and other documents are enough. Some 4S stores even only require the organization code certificate and the ID card of the person in charge to purchase. The specific requirements depend on the requirements of the local 4S store. We can understand it clearly with the salesperson in advance before buying a car. 2. Buying a car with a loan If the company is buying a car with a mortgage, the required procedures are: 1. ID card, household register and other identity proof materials of the person in charge; 2. Proof of unit income, certificate of deposit, securities, real estate certificate or Other proof of income; 3. The bank deposit certificate (passbook) of no less than the down payment; 4. If property is mortgaged or pledged, a list of mortgages or pledged objects, proof of ownership and the person with the right to dispose of the property (including property ***Proof that someone) agrees to the mortgage or pledge, and a mortgage valuation certificate issued by the competent department; 5. If the purchased vehicle is used as collateral, the dealer designated by the lender should be provided before the legal mortgage registration and relevant insurance procedures are completed. A written loan recommendation guarantee letter issued by the lender.
Conditions required for a company to buy a car: 1. Buy a car in full 1. The company has a valid business license (or industrial and commercial registration certificate), organization code certificate and tax registration certificate, and paid in this city in the previous year The total amount of value-added tax and business tax in the warehouse is more than 50,000 yuan (inclusive). 2. Non-fully funded public institutions, social groups and other organizations have valid organization code certificates. 2. Buy a car with a mortgage 1. Have the ability to repay a bank loan, have a registered capital of more than 500,000, and the company has been established for more than one year; 2. Have an accountant who deposits the down payment of the car purchase with the bank at least as required by the bank during the loan application period. Department; 3. Provide a recognized guarantee to the bank, and the borrower must be a shareholder of the company; 4. Be willing to accept other necessary conditions proposed by the bank.
How much can you save by buying a car in the name of the company? 1. For small-scale taxpayers, the car purchased by the company can be used to deduct corporate income tax. Assuming that the company spends 1 million yuan to buy a car, then it can be used as a deduction during this period. The company's costs and expenses are included in taxes. The corporate income tax that can be deducted within 10 years is 100*25=250,000, and small and micro enterprises can deduct 50,000. 2. For general taxpayers, the corporate income tax part is the same as that for small-scale taxpayers above. At the same time, general taxpayers can also deduct part of the vehicle value-added tax, the value-added tax is 100/(1 13) * 13 = 115,000 yuan; in addition, various vehicle maintenance costs and various expenses in the following five years can also be deducted VAT.
The pros and cons of buying a car in the name of a company: 1. Buying a car in the name of a company can be a reasonable tax deduction, which is the tax cost that can be saved as mentioned above; 2. For cities with limited license plates, Buying a car in the name of the company can easily obtain the local license plate indicator; Disadvantages: 1. When the company has financial disputes, if it involves debt repayment, then the car, as a fixed asset of the company, will face being auctioned or used to pay off the debt. 2. When something goes wrong with the vehicle, such as a major accident involving compensation exceeding the insurance limit, the company's funds will be affected.