Chauffeurs new car: Lease, PCP or purchase?
Discussion
As above really, im a (sole trader) chauffeur licenced in London. I'm about to replace my vehicle with a new Mercedes V class and I'm not sure what's the best way to 'own' it.
It's likely to be around £45000 incl VAT and i'll have about £10000 deposit (if required)
Even though it's used exclusively for work I'm not sure whether it's possible to reclaim the whole amount against tax as it's not a Hackney carriage.
I'm struggling to work out what is the most cost effective way to do it, and wondered if anyone cleverer than wot I am had any pearls of wisdom!
It's likely to be around £45000 incl VAT and i'll have about £10000 deposit (if required)
Even though it's used exclusively for work I'm not sure whether it's possible to reclaim the whole amount against tax as it's not a Hackney carriage.
I'm struggling to work out what is the most cost effective way to do it, and wondered if anyone cleverer than wot I am had any pearls of wisdom!
Ok thanks all, (although I'm still not really any clearer!) There are so many different types of lease that I don't know what works best..
Incidentally I hear what you're saying about using a leased car for private hire however the current one is leased direct from Merc and it's no problem. I think they realise that 90% of these vehicle are used for that purpose.
Incidentally I hear what you're saying about using a leased car for private hire however the current one is leased direct from Merc and it's no problem. I think they realise that 90% of these vehicle are used for that purpose.
Gassing Station | Finance | Top of Page | What's New | My Stuff