openmind
24th February 2006, 09:17
OK skip the first two as my private jet is on order and the Orient Express is fully booked! :D
I'm going to be getting a new car in the next few months to replace my clapped out Ford Fiesta. It's done well with over 110,000 miles on the clock but I have more chance of giving birth to twin-headed alligators than it going through it's next MOT so it's time for a replacement.
I would like to pay for the car through the business so my options would be to either lease or get a loan to pay for the car.
My question is what's the best way to do this?
The car would primarily be used for personal use (about 30% of the time) but when I used to have a company car from my employer I was allowed to use for domestic use...
Looking at leasing would cost me about £200+vat per month and I would be restricted on mileage. A loan would cost about the same but without the restrictions and I would own the car.
Thoughts or suggestions?
I'm going to be getting a new car in the next few months to replace my clapped out Ford Fiesta. It's done well with over 110,000 miles on the clock but I have more chance of giving birth to twin-headed alligators than it going through it's next MOT so it's time for a replacement.
I would like to pay for the car through the business so my options would be to either lease or get a loan to pay for the car.
My question is what's the best way to do this?
The car would primarily be used for personal use (about 30% of the time) but when I used to have a company car from my employer I was allowed to use for domestic use...
Looking at leasing would cost me about £200+vat per month and I would be restricted on mileage. A loan would cost about the same but without the restrictions and I would own the car.
Thoughts or suggestions?