Lease car via my Company or Private?

amaze · Mar 9, 2009

Hi,

I am looking to sell my current car after losing over 30k in a year on it - arghh! I think leasing looks a good option, however not sure if best to put via my business (which I am the only shareholder) or go private and direct? Sorry I'm sure this question has been asked lots of times, so any links to sites would be great..

Thanks

Mar 9, 2009

Might get some help from Ling.

http://www.lingscars.com/

Earl

garyk · Mar 9, 2009

I have leased in the past I always think its a better option to go private and claim back mileage. Ling is pretty competitive but I always go here www.contracthireandleasing.com to compare deals. Going private of course means you cant reclaim VAT but I think the pro's of private outweigh the cons.

30k in a year ouch! is that your car in the picture?

Buy a classic e-type and you wont lose a penny! The TR in my pic I bought for £6500, owned for a few years and sold for £6300 and no road tax to pay!

amaze · Mar 9, 2009

garyk said:
I have leased in the past I always think its a better option to go private and claim back mileage. Ling is pretty competitive but I always go here www.contracthireandleasing.com to compare deals. Going private of course means you cant reclaim VAT but I think the pro's of private outweigh the cons.

30k in a year ouch! is that your car in the picture?

Buy a classic e-type and you wont lose a penny! The TR in my pic I bought for £6500, owned for a few years and sold for £6300 and no road tax to pay!

Yeah its pros and cons...my accountants are crunching the numbers, but just wanted a users opinion as well.

Yeah thats my car - loverly car, just cost me arm and a leg and then some!

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Lease car via my Company or Private?

amaze

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amaze

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