Re: Basic leasing question (sorry)

[iamsukh]

Hello

I'm new to leasing and am potentially looking to get a new car as a Personal Lease (aka. PCH?).

I've had an quote with a BMW dealer (which I didn't go through with in the end as the numbers weren't great due to options they added). However one thing that struck me was the requirement of having a company car allowance or being a director.

Now I'm looking at WhatCar leasing comparison website and have found similar worded statement (by another BMW dealer) which is:

---

A. A copy of the company/cash allowance policy stating the employee’s cash allowance and entitlement.
B. A listed Director email confirming employee ‘x’ is in receipt of an allowance in lieu of the provision of a
traditional company vehicle.
C. A copy of the employee’s contract stating that the car is required for the employee’s role.

---

Can I as an individual get a lease in this scenario? If not, is it possible as an individual without any company related _support_ get a car on lease?

N.B. I am a director of my own company but i don't wish to put this on the company or my P11D. I want the lease to be on me as an individual and not related to my company at all.

Thanks in advance.

[quinny100]

This is usually a stipulation for BMW leases through Alphabet - who are a subsidiary of BMW. I guess they do it to protect more lucrative PCP business from individual customers.

If your a director of your own company just write a letter stating you receive a car allowance from the business. It’s still a personal lease and nothing to do with the company.

[iamsukh]

Ah fair enough, thanks for clearing it up... now to try find some lease deals (which is proving to be pretty difficult!)

[talksthetorque]

I had this from Alphabet, and Arval to get business rates as business rates + vat were better than the personal rates.
Sounds like you might need to pay yourself a car allowance.