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Leasing a car and self employed
Hi everyone
I have been doing some research but it is all quite confusing so I was really hoping that someone would be able to just explain in plain English
I am a self employed sole trader, registered with hmrc
I am looking to get a car which is probably be 80% business use as I need it to get me to places.
My income is quite low at the moment and I receive Working Tax Credit
How does the leasing work, and will it work in my situation, my income is low and I do not pay income tax yet as I havent reached the threshold
Thank you
I have been doing some research but it is all quite confusing so I was really hoping that someone would be able to just explain in plain English
I am a self employed sole trader, registered with hmrc
I am looking to get a car which is probably be 80% business use as I need it to get me to places.
My income is quite low at the moment and I receive Working Tax Credit
How does the leasing work, and will it work in my situation, my income is low and I do not pay income tax yet as I havent reached the threshold
Thank you
0
Comments
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Others will no doubt provide more expert advice, but it seems to me unlikely that you'll pass a leasing company's credit checks.0
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Buy a cheap vehicle with what cash you have in your pocket.Censorship Reigns Supreme in Troll City...0
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And you won't be able to reclaim the VAT as you are presumably not VAT-registered.No free lunch, and no free laptop
0
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