Client is a black cab driver who has 'purchased' an electric cab on a five year PCP agreement.
Now I know that the treatment of these agreements (i.e. quasi-HP vs. lease) hinges on the expected value at the end - in this case the final payment is a shade under £20k, so if we expect the vehicle will be worth less than that then we assume the 'lease' treatment.
As these vehicle types are so new there isn't much of asecondhand market - and presumably none with five-year old examples floating around to give us an idea of market depreciation rates.
Thanks in advance.