Originally Posted by stewcrew

I am the president of a s-corporation, which I started 3 years ago. The company has not done any business for the past 3 years, but is now beginning to bring in income. At this time, I would like to purchase a "company" vehicle. Is it best for the corporation to purchase the vehicle under the corporate name, or should I purchase the vehicle personally, but have the corporation make the loan payments, pay for registration, fuel,...? What is the best solution legally and financially for myself and the corporation?