Business or personal loan for my ltd company

Business or personal loan for my ltd company

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DeanR32

Original Poster:

1,840 posts

183 months

Saturday 24th September 2016
quotequote all
Evening all

As title, what would be best way to buy a van? It won't be brand new, and I'll getting paid for it weekly, so it'll be making me money (not sure how much yet, to be negotiated)

Cheers

DeanR32

Original Poster:

1,840 posts

183 months

Monday 26th September 2016
quotequote all
Thanks for the replies

Just to clarify, I won't be sub leasing the van. The firm I'll be working for will just pay me more money because I have one, and they won't need to hire one in for me. The money I receive will outweigh the money I pay for it monthly, so it seems a no brainer.

My ltd company has been going for around a year now. The van will be strictly for work.

A quick edit to say that I could do with showing as much earnings as possible the next year for mortgage purposes. My limited understanding is to take what the van earns me as a dividend at the end of the year, and therefore showing more earnings. Is it as easy as this?

Edited by DeanR32 on Monday 26th September 14:56

DeanR32

Original Poster:

1,840 posts

183 months

Monday 26th September 2016
quotequote all
I heard they still count when a mortgage looks into your application though