I was just stressing things from a tax view, not from the legal/liability view. But from that latter aspect, if your business is of a type that is prone to lawsuits, you purchasing the vehicle does not protect it from liability if you claim a business use for it. But it does make it more work for a plaintiff.
In my single member LLC I purchased my truck in my name, but I list it as a business asset since I use it 100% for business. I'm not concerned about someone suing me in my business. If they did, they can still get my truck or have a judge force me to sell it if there was judgment against me. But when I purchased my truck I did so with the intention of using it for business only. At the time (over 10 years ago) I wasn't aware I could purchase the truck in the business name. If I had been, that's what I would have done. If I had done that, then when I sell the vehicle it would have been a business sale. But as it stands now, it would be a personal sale. I'm fine with it, because I generally drive my vehicles until they lose parts on the road to the point they won't run anymore and have no value anyway.
