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Car Leasing Advice (IRAMR)

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I have recently got a new job as a sales account manager covering a large territory. The company does not provide a company car but uses the Inland Revenue Authorised Mileage Rate allowance. I do not own a car at present. Where do I stand with a private car lease for business use? Any advice would be appreciated

Comments

  • Hintza
    Hintza Posts: 19,420 Forumite
    10,000 Posts Combo Breaker
    You are going to have a high mileage (most domestic/private leases are for 10k miles/annum) so you will have to get bespoke quotes for a lease and they won't be cheap.

    Is the allowance generous enough? I haven't looked at it for a while but have the amounts changed in the last few years? Be careful OP this might cost you a fair bit of money.

    As for private car lease you will just have to be insured correctly.
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