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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

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