I bought a new vehicle outright with cash for my business in 2017. In those 3 years, I have put 120,000 miles on the vehicle. I knew that would happen, and so it made sense for me (the business) to go ahead and buy. Even burning up about $40,000 in cash that year on the purchase didn't hurt, because the business had a "good year" and "made too much money".

I know a lot of businesses lease fleet vehicles, because they become a monthly cost that can be swung with the cash flow of the business. Owning things is a different consideration for a person vs. a business. Both owning and leasing can make sense, but your situation and expectations will dictate what you consider success!