Company Car or Personal Car?
A client was unsure whether it was a better option to put his new car through his company or to purchase it personally, an area where there have been many changes in recent years.
Having called us to discuss it before making a decision, it was a straight forward process to complete some comparative calculations between the personal costs and the company lease costs.
The end result was that we were able to advise the client that it would be more economical to run the car privately and draw extra dividend income to cover the cost, resulting in a minimum saving of at least £1,665 over the three year lease period.