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Looking into best way to purchase vehicle for B&P usage..need help plz
Room16
Posts: 4 Newbie
in Cutting tax
Reposted from another section of the forum as adbised by one of the regulars 
Hi,
Im currently looking into purchasing a vehicle for both business and personal use.
I am a sole trader and the vehicle will be used to travel to and from work as well as for conventions & other studios up and down the country a few times a year.
For personal use it would only be local or maybe the odd trip fishing for a week once a year.....not far, only 300m round trip.
Firstly the purchase, should i look at hired purchase through my barclays business account? Or should i get a business loan? even though i believe the finance option through barclays operates as a kind of loan.
Next, which would be the best way to put this through the business?
Thanks in advance for any replies.
Hi,
Im currently looking into purchasing a vehicle for both business and personal use.
I am a sole trader and the vehicle will be used to travel to and from work as well as for conventions & other studios up and down the country a few times a year.
For personal use it would only be local or maybe the odd trip fishing for a week once a year.....not far, only 300m round trip.
Firstly the purchase, should i look at hired purchase through my barclays business account? Or should i get a business loan? even though i believe the finance option through barclays operates as a kind of loan.
Next, which would be the best way to put this through the business?
Thanks in advance for any replies.
0
Comments
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I have already answered this question on the Small Biz board.£705,000 raised by client groups in the past 18 mths :beer:0
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