Jayson Lowe argues business owners shouldn't lease vehicles from third parties or take bank loans. Instead, create your own leasing entity to keep tax advantages and cash flow while avoiding what he calls the "financial trauma bonding" of bank relationships.
You know, my accountant told me that leasing the vehicle is the right way for me to go in my business. Your accountant's not wrong. That's not anything wrong. But my follow-up question is, is the person who bought the vehicle that you're leasing stupid, or do they know something that you don't? It's all a matter of where the money's flowing to and who it's being put to work for. You can create, as a business owner, your own leasing entity, and you can step into that function of not only reaping the tax advantages, but also reaping the flow of cash. And not having it flow away. Our team can show you how to do that. And then you've got loans where you've got to jump through lengthy, nosy credit applications, and you've got to convince the banker that you need the capital. You have to put up personal guarantees, have your income verified, have your credit checked, and should I go on? I, you know, the relationships that we have with banks, I refer to them as financial trauma bonding. And so if you want to set all of that aside and put yourself in a position where you have ready access to money on demand, on your terms, meaning you control the repayment schedule of your loans. That is an ingredient to a peaceful, stress-free way of life financially.
