Best Lease on New Bentley Continental?
Discussion
I may be a bit off the pace having retired as a Chartered Accountant a few years ago but leasing only works for a business when 50% of the vat on the instalment can be reclaimed. The car benefits will be as per the scale. It can sometimes be difficult to retain the car at the completion of the primary period.
In my day the best way to finance a high value car was by a Hire Purchase agreement which can mirror a leasing agreement with a suitable balloon payment. The system changed in the 2013 budget. A car on HP would attract a writing down allowance of 18% but if when the car is sold it produces a lesser sum than its tax written down value the further allowance is given.
Leasing payments are fully deductible up to 90mg carbon or 85% if over that figure.
Shop around with the major finance house as getting the lowest rate possible on Leasing and HP and then get your accountant to check the best tax outcome.
In my day the best way to finance a high value car was by a Hire Purchase agreement which can mirror a leasing agreement with a suitable balloon payment. The system changed in the 2013 budget. A car on HP would attract a writing down allowance of 18% but if when the car is sold it produces a lesser sum than its tax written down value the further allowance is given.
Leasing payments are fully deductible up to 90mg carbon or 85% if over that figure.
Shop around with the major finance house as getting the lowest rate possible on Leasing and HP and then get your accountant to check the best tax outcome.
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