Business Car Lease for Start Up

[sagarich]

Hi,

I'm looking into car leasing options for the other Director in my company.

We're a ltd company, been trading over a year and we're about file out first year accounts shortly.

I've seen a few deals online and after making a number of enquiries, been told that we need a minimum of 3 years accounts to be eligible for finance.

Can anyone recommend any lease co's that deal with startup/new companies.

Thanks in advance.

[daemon]

Why not for the sake of a couple of years buy something with cash?

If the business is doing well enough that it can support a car on a lease, then presumably a few grand out for a car should be a doddle.

Might be better than having to take out an uncompetitive lease arrangement?

[Eric Mc]

Have you looked into the tax Benefit in Kind impact that providing company cars would have?

[ModernAndy]

You'll be fine all other things being okay but you'll need to sign a director's guarantee

[sagarich]

daemon said:

Why not for the sake of a couple of years buy something with cash?

If the business is doing well enough that it can support a car on a lease, then presumably a few grand out for a car should be a doddle.

Might be better than having to take out an uncompetitive lease arrangement?

That's one of the options, just making sure I've considered every angle before proceeding.

Eric Mc said:

Have you looked into the tax Benefit in Kind impact that providing company cars would have?

Yes, brief chat with my accountant last week and seeing him next week to discuss year end and a few other things.

[rfoster]

Hi Sagarich, I can help with this - I'll drop you a quick email with my details. Cheers, Richard

[sagarich]

rfoster said:

Hi Sagarich, I can help with this - I'll drop you a quick email with my details. Cheers, Richard

Thanks, received. I will come back to you as soon as I know the details you require.