Best way for company car?

kcmatt79

Hello,

I would be grateful for any advice here. My partner and I are currently filling in our first SA tax return for his business and have just realised that he can claim 100% tax relief on a car if it's less than 120gm CO2 emissions. He needs a new car anyway so is thinking of buying but somebody at work mentioned leasing.

I just wondered what people's opinions were on the benefits of leasing over buying? Any advice is greatly appreciated.

Thank you

Karen

kcmatt79

Can anyone help?

thebaldwindowfitter

you need to work out what the car will cost at say 3 years and what its worth at the end .i looked at this a few times when buying new vans but worked out very expensive.volkswagon van 19k 3 years paymnets was 14k van was worth 9k so it worked out better to buy

kcmatt79

Thank you, that makes sense. We weren't originally gonna go for new because of depreciation.