Tuesday, January 10, 2012

Why do US companies buy domestic cars for corporate use?

I wanted to know if buying/leasing a domestic vehicle offers any corporate tax benefits compared to buying a foreign vehicle? I always see companies buy Ford and GM vehicles (for both vans/trucks as well as for sedans/SUVs and basic travel) but why do they do this if domestic vehicles are (generally) considered to be more expensive, have poorer resale value and have more maintenance costs?

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