Van finance / lease - Best option for sole trader ?

Mr_Poves

Hi , I'm just after a little advice ,
I'm a sole trader been established just under 3 year's and do my own book's , self assessment etc .
I'm now at a point where I can justify a new vehicle , however I'm not sure which option is best for me regarding tax efficiency .
I have read that if I lease a van it's 100% reclaimable , but how does it work if I decide to finance something nearly new for £150 per month , rather than £250 lease ?
I understand the pro's and con's regarding leasing and financing , and feel I would rather own a vehicle as an investment and then trade in , as opposed to leasing and handing back .
Which is the best option for me regarding my tax situation ?
Any advice much appreciated .

phill99

I'm a sole trsder also. I opted to buy (part cash part finance). My accountant was adamant that which ever way you opted to acquire the vehicle, it made very little difference in terms of the tax position.

I would also add that you would be well advised to get an accountant - they will save you far more in tax than they cost you!