Lease a car or Buy a car for Ltd Company

Hi Would be glad to recieve some comments

HAve a ltd client who is vat registered, he is thinking of purchasing a car for about £5,000. He has the option of either buying it cash or leasing from A company for a period of two years.

would like to recieve comments on the pros and cons for each method for him and the company. As i know the vehicle private use can be classed as a benefit in kind as can fuel.

Thankyou in advance

David T

Comments
There are 3 comments. Login or register to view them.

Residual Values re:lease.

chimpsrback |
chimpsrback's picture

Unless the business mileage is enourmous, use his own car.

slarti |

tell us more

DingDong |
DingDong's picture