pcp question

[wjwren]

I am self employed as a sole trader, looking to buy a car on PCP. Can I take advantage of the 'business rates'. What does that mean exactly? I am not VAT registered.

[Ozone]

I think it will depend on the finance company, and as you are in business it's always worth asking. It usually means you pay the price less vat. Personal rates are usually quoted as business rate +Vat

A few years ago i was looking at leasing trying to get business rates but being PAYE it wasn't an option but one broker said if i did any other work eg. refing local footy matches at the weekend and proving i got paid for it then i could get a business rate deal.

Edited by Ozone on Thursday 4th April 00:03