Ltd lending money / ‘leasing’ a car
Discussion
MIL is going to lease a golf but is worried about the condition it will be in when she returns it
I think the worry is unfounded and would be prepared to offer to participate.
If I used a vat reg ltd to buy a vat qualifying car and leased it to her, what things do I need to consider?
The alternative is she buys the car and the company lends her the money, beating the apr of any other loan offer she comes up with.
I think the worry is unfounded and would be prepared to offer to participate.
If I used a vat reg ltd to buy a vat qualifying car and leased it to her, what things do I need to consider?
The alternative is she buys the car and the company lends her the money, beating the apr of any other loan offer she comes up with.
Edited by anonymous-user on Saturday 20th January 18:12
Eric Mc said:
Aren't you intending to form a company that needs to be regulated by the finance regulators?
Pass, hence asking hereCompany already exists. This would be supplemental to its normal business and a one off. Company has no accreditation or registration with any financial services regulator.
Sum involved is relatively benign: < £20k if that has any relevance
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