Recent content by Lease4Less

  1. Lease4Less

    Business Car Leasing for a young company?

    If you have got 1 years accounts and they are reasonably healthy there are finance companies that will look at the application. A lot will depend on the vehicle you are looking for, and your personal credit history. If for example you have a net worth of 15K and are looking for a 40K car then...
  2. Lease4Less

    Hi From St.Helens

    I'm based in Manchester but also from St Helens, good luck with your venture.
  3. Lease4Less

    New Business Idea - Car Sales Agency

    Ian is spot on. Unless you are going to give them an extra 2K you are pricing yourself out of the market. It is very easy to sell a car these days, and just as easy to find out how much it's worth. There are a number of online websites that can give you a valuation in about 10 seconds. Using...
  4. Lease4Less

    Business model feedback

    There are already a number of established companies such as Service Plan, Halfords etc who offer a service like this. Many dealerships offer a similar scheme as well, which also include tyres as well as routine servicing. Almost all will offer the full plan for a set monthly fee, so that the...
  5. Lease4Less

    Car Leasing - Dealership or Broker?

    Yes you can put a private plate on a leased vehicle.
  6. Lease4Less

    Car Leasing - Dealership or Broker?

    There are many pro's and con's for both. Ultimately the concept is the same wherever it is supplied from. The T's & C''s will be different depending on the Finance Company, so check through to ensure you can adhere to them prior to ordering a vehicle. Both the dealership or leasing broker will...
  7. Lease4Less

    Car Leasing - Dealership or Broker?

    You can of course negotiate a lease deal. There really shouldn't be any difference between dealing with leasing company or a dealership. Both will be regulated by the FCA. Some will be more expensive than others. You will need to have a shop round until you find a price you are happy with...
  8. Lease4Less

    Lease car - Sole Trader (VAT Registered)

    If the CO2 emissions are below 130 g/km then 100% of the monthly rental is allowable, including the blocked Vat element (this is the portion of the Vat that you cannot claim back)
  9. Lease4Less

    Lease car - Sole Trader (VAT Registered)

    Nicola is quite right about the Vat (that will teach me not to proof read my posts), the 85% I mentioned aboved relates to the amount of monthly rental you can allow against your taxable profits, subject to the vehicle having CO2 emissions of 130 or greater.
  10. Lease4Less

    Lease car - Sole Trader (VAT Registered)

    I'd need to see the quotation - you can email it to me at [email protected] and I'll get one of my consultants to have a look for you.
  11. Lease4Less

    Lease car - Sole Trader (VAT Registered)

    It depends on a number of factors, mileage being a large one in your case. You can claim the 50% of the Vat back on the monthly rental, (not 85% - thanks Nicola!) and offset the monthly payment against your taxable profits. As you are a Sole Trader you don't pay any BIK tax, so keeping it out...
  12. Lease4Less

    Lease car - Sole Trader (VAT Registered)

    You are a vat registered Sole Trader so you can claim the Vat back regardless of whether you lease the vehicle on a Business Contract Hire or a Personal Contact Hire.
  13. Lease4Less

    Car hiring - sourcing a vehicle?

    The vast majority of finance companies will not allow you to do this as it will breach the T's & C's of the agreement. I am aware of several that do allow it, but they will only fund large fleets. Most finance companies will have a clause not allowing any "hire & reward", so leasing is...
  14. Lease4Less

    Vehicle Leasing & Tax Expenses

    If the lease is a contract hire and the co2 for the vehicle is greater than 130 then 85% of the monthly rental is allowable against tax. This includes the initial payment. If you are Vat registered you can also claim back 85% of any unrelieved Vat (Vat not reclaimed through your Vat quarter)...
  15. Lease4Less

    Business leasing vehicle - what about insurance?

    Nor me! Whilst I appreciated there are several insurance companies that will not insure a leased vehicle and insist that the V5 is in your name, the vast majority will insure the vehicle. You may however need to contact them by phone to fully explain the situation rather than doing it online.
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