If you are a small or home-based business, using your personal car for business use may be the most cost-effective
option. If you choose to go this route, make sure you purchase a valid commercial auto insurance policy. Although
this will cost money, the good news is that using your personal vehicle allows you to deduct certain expenses come
tax time. For example, you might be able to claim your commercial car insurance premium, in addition to gas, licence
and registration fees, parking fees, leasing costs, maintenance and repair costs, and interest accrued on any loans
taken out to finance your vehicle.