The confusing world of company cars!
Discussion
Good evening,
I have a fairly simple situation but just cannot fathom this convoluted system we seem to have with company cars (I joke, I’m sure it does make sense really).
I am the sole director of a limited company, the company has £35,000 to spend to buy a car. The car will be used by me (director / employee of said company) and will be used 100% for business use.
What is the best (most tax efficient) way of doing this?
I test drove a pick up truck - it was horrible.
Fully electric is not ideal due to restrictions preventing charging.
Hybrid?
Does buying a car second hand make things even more awkward?
Appreciate any suggestions
I have a fairly simple situation but just cannot fathom this convoluted system we seem to have with company cars (I joke, I’m sure it does make sense really).
I am the sole director of a limited company, the company has £35,000 to spend to buy a car. The car will be used by me (director / employee of said company) and will be used 100% for business use.
What is the best (most tax efficient) way of doing this?
I test drove a pick up truck - it was horrible.
Fully electric is not ideal due to restrictions preventing charging.
Hybrid?
Does buying a car second hand make things even more awkward?
Appreciate any suggestions
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