Business car leasing can provide a tax efficient solution to running a vehicle or fleet of vehicles through a Limited Company, Partnership, Sole Trader or Limited Liability Partnership (LLP).
A Business Lease allows the company exclusive use of a car or van for a pre-agreed period at a set monthly cost.
Many factors influence the monthly cost, including vehicle choice and specification, contract term, annual mileage allowance and whether the agreement includes servicing, maintenance and tyres.
The most common form of lease agreement, and is most suitable for Sole Traders, Partnerships and Limited Companies. It provides you with a tax efficient way of running a vehicle for a fixed cost over a pre-determined period.
At the end of the agreement the vehicle is collected without any further obligations.