I was told by my accountant when last looking at car leases (electric) that I was best to get a personal lease as most of my mileage is personal and not business.
My friend has told me his accountant advised him to to set up salary sacrifice in his Ltd company and get his car through that as it’s much better financially.
We are both ltd companies with just 1 employee.
I wondered how other people finance their vehicles?
Thanks for any advice.
Hello @squarechilli
The support team are not registered accountants and can not advise on this.
I will leave this thread open for now as there are some accountants on the forum who may comment.
Thanks, not looking for anything solid, just wondered what others do really.
I suspect there are too many different scenarios to properly answer this query here. However, I would also be very interested to hear some more opinions. It’s been a long time since I had a company car, but since the government seems determined to close every possible loophole, I suspect using salary sacrifice to lease a car for personal use (as well as business) is going to be complicated.
I would ask your accountant why his recommendation differed from your friend’s accountant. I suspect it will be because your personal circumstances are different and there’s not one scenario that suits all situations.