Well if it's a luxury vehicle you can use section 179... You will be compensated the full cost of the vehicle to do business if it is over 6000 lbs. So if it's your club hoping ride, legally it would be valid and you'd be paying far less per month than actually financing the vehicle. Depending on how long you keep it up you'd make more money from the reimbursement than your spend for your friend using your service... And it'll be legal. Only issue would be if u curve keep up the business
RIDEGURU
Well if it's a luxury vehicle you can use section 179... You will be compensated the full cost of the vehicle to do business if it is over 6000 lbs. So if it's your club hoping ride, legally it would be valid and you'd be paying far less per month than actually financing the vehicle. Depending on how long you keep it up you'd make more money from the reimbursement than your spend for your friend using your service... And it'll be legal. Only issue would be if u curve keep up the business