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      07-08-2014, 06:59 AM   #1
belfastone
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Drives: BMW 330D M Sport & BMW X3 2.0d
Join Date: Oct 2008
Location: Norn Ireland

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Purchase/lease

Hi Guys,
If anyone can help please have some input.
Im wanting a change *again.. I own a small company, and own my own car (330D M Sport) 2006. - Do I sell and buy personal again, or do I lease & if so how does that system work..
Im currently waiting on a call back from my accountant to try and explain which is best for me and the company.

Leasing via the company, I know there is taxing here (I pay the tax man enough lol).. but how does it work? does my company pay the hire co for the car per month - say £350+Vat - £450+Vat depending, then company claims back tax on that amount.
Then I pay tax personally on the car? - if so how much do you pay monthly, like £200 each month? (if this is the case surely it works out that im paying (company owner) around £650 each month for a new model?) - I know it goes on commission, bigger engine bigger tax. - Any idea what I would expect to pay on a 320d 330d?


please help lol - save me going down to a stealer for them to tell me which best suits them!
Appreciate 0
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