Looking into best way to purchase vehicle for B&P usage..need help plz

Room16

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.

fengirl_2

I have already answered this question on the Small Biz board.