Lease Hire or buy your Company Car?

[golfman]

I would like a new car each year, and can only see this being done by leasing, as the sale against depreciation figures on my last new car meant I didn’t own it anyway by the time the outstanding finance was paid off!

Are there any good lease/hire schemes out there that someone could advise on? Thanks.

[FUBAR]

I think you will end up paying through your teeth if you try and change a car every 12 months ? (I am NOT an expert in this field)

I have in the past taken cars on Contract Hire. Shortest Ive ever done is 24 months but Im sure you can get some on 12 months (even less in some cases). Worth a thought?

[chris.mapey]

Have a look at Flexxilease.com (I think)

They specialise in short term contract hire, so you can change your car every 3 months if you desire.

(I have no affiliation / or experience of this company by the way)

Hope that helps

Chris

[deva link]

If you just want to try out lots of cars, then maybe try this lot - they have a live stock list: www.arrowhire.com/content.php?p=livestock

I don't know anything about them, but considered using them when I opted out of my company car and things looked a bit uncertain. Their rates seemed OK, considering I wanted 3000 miles per month and full maintenance (I guess on short term their wouldn't be any maint?), and they were very responsive to enquiries.

Edited by deva link on Tuesday 30th January 21:01

[golfman]

Thanks guys, not having any luck so far. I think a 3 year contract is the only route to go. So I will look at that, again if someone has any good contacts it would be appreciated!

[philib]

Need to look at the whole picture, i.e. the cost of the finance, repairs, tyres, depreciation, duty.

Could be structured through a company account depending on your situation - ideal would see no tax on you but full relief in the business. It can be done through Car Tax Pro.

Phil

[Mattt]

www.cashorcar.com might help, i've used it in the past to look at options

[Eric Mc]

Watch out for the Capital Allowance and overall tax relief situation. These change depending on the nature of the agreement.

[philib]

And gremlins – always factor in the Allowances against those little bastards – Brakes are worth 3 points and steering columns 9. They’re all green unless they come from orpington – they’re pink – just a heads up!

[Mattt]

philib said:

And gremlins – always factor in the Allowances against those little bastards – Brakes are worth 3 points and steering columns 9. They’re all green unless they come from orpington – they’re pink – just a heads up!

Der?

[philib]

Just speak to your accountant - he'll build in everything to your calc.