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Tax and funding information

So you’re ready to lease a new vehicle. You have a monthly rental amount in mind and want to see what you can get for your money. You’re on the hunt for a deal.

But what about the company car and fuel tax? Did you know that you could be paying several hundred pounds a month if you don’t choose wisely – even if the lease deal is good value! Or perhaps you’re a business owner or director and have the option of a business or a personal lease but you’re not sure of the pros and cons of each. Maybe you could take a car allowance and opt out of the car scheme? Or should you take the business deal as it’s a little cheaper each month?

You may be considering buying a vehicle or some form of hire purchase agreement but which is best way– finance, lease, or purchase? Before entering into a personal or business lease you need the correct information to make sure you are funding the vehicle in the most cost effective and tax efficient manner.

There are benefits to each purchase or finance method and both on and off balance sheet funding should be considered in addition to your company car tax implications.

Our expert account managers are fully trained in company vehicle tax and funding and will provide you with information and comparison tools to ensure you can make the most informed decision possible when sourcing your new vehicle or funding.

Have you seen our latest blog post?

Big savings for fleet leasing with KeyFleet’s “Marketplace service

KeyFleet provides the most competitive contract hire and leasing quotes for UK businesses As... read more

Posted on 22nd February 2018 at 11:38 AM

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