The Benefits of Buying/Leasing A Car Through Your Business

If you’re looking for a new car for your business, you may be wondering what route you should take to actually get one. There are a number of options, but one you’ll definitely want to consider is leasing or buying through your company. When you lease or buy a car using your business rather than personally, it opens up numerous funding options.

Non Ownership Benefits – Contract Hire & Leasing

  • Fixed monthly payments
  • No disposal concerns
  • Recoverable VAT element
  • A wider selection of vehicles within budget
  • Maintained Contract option
  • Off balance sheet funding

Ownership Benefits – Outright Purchase, HP and PCP

  • Greater control over how long you keep the car
  • Write Down allowances up to 100% in the first Year
  • No mileage restrictions
  • Reduction of Corporate Tax liability
  • Preferential Business Discounts

Whichever is your preferred method, Ownership or Hire, you need advice to make sure you make the right choice for you. Make sure you speak to someone who can offer you a full range of demonstrators, a comprehensive knowledge of the Business car market and a plan and car that fits your company requirements.

If you would like any further advice on company vehicles, please get in touch with Adrian Hall, Business Centre Manager or Kirstin Godson, Business Sales Executive on 0116 285 2851 (Select Option 4). Email: fleet@farmer-carlisle.toyota.co.uk