Ltd Company Car Lease

Fromdownwest

New Member
Aug 27, 2024
1
0
After some advice on a car lease, please.

I am currently paying my car lease as a personal lease.

I am looking at moving to a full EV, and would like some thoughts, please.

P11D Value - £49,725
BIK £995 going up to £1,989 26/27

Monthly lease costs of £475

Current pay is £50,270
Net profit circa £100k

I like the idea of not having to take £5,700 as income to pay the lease on a personal basis, so could 'save' more of the £50,270 into my ISA each month.

Just trying to figure out if the benefits outweigh the additional costs.

I used the car for business (non Trade) with out 70% business use. Would this be an issue?
Also, could I claim for charging the car at home ( business registered at home)

Thanks in advance
 

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