Whichever way you look at the subject, a car is an investment. So making sure that you’re driving a car that is economical and isn’t at risk of falling apart is ideal if you want to keep the costs to your business or your wallet to a minimum.
Leasing allows you to get a car that suits all of your needs without having to make the big upfront investment associated with buying one. Contract hire is essentially the same as a long-term rental of a car, you take out a lease agreement with a monthly fee, so you don’t have to worry about how much the car’s value depreciates over time and you get a brand new car to go along with it.
However, with so many options available on the market and the number of factors that decide how much car tax you pay, it can be confusing to know if taking out a person or business lease is the right option for you.
When it comes to car leasing, there are two types available:
However, while the reasons stated above are the main difference between a business and personal lease, you should take the following into consideration:
If you take out a business lease on a car, you have to pay company car tax. This is an additional tax that you pay on top of your road tax.
Company car tax is worked out by calculated based on the following:
If you are self-employed and work in a profession that can make you considered to be a sole trader, you could qualify for a business lease through your company.
If you’re looking to take out a personal or business but need help getting the best deal for you, speak to a member of our team. Our experts will help you understand the world of business and personal car leasing to help find the best car for you at an unbeatable price.
Your needs for choosing which car to take a business lease on will entirely depend on your line of work. If you’re travelling between clients or appointments you may need something that is efficient and reliable, or you may be looking for something that better suits an executive look that leaves a good impression.
The Mercedes badge carries a certain prestige that is instantly recognisable by anyone who sees it. The Mercedes C Class Saloon takes luxury, comfort and style to a whole new level. It’s commanding silhouette, defined curves and big wheel arches leave a lasting impression that is a must-have for an executive vehicle.
Whether you’re after a long-term lease for a new family car, or you fancy driving around a high-performing sports car, here are some of our top picks for personal car leasing.
One thing that you can guarantee when you drive a BMW, you’re driving a car that has been built to give you the ultimate driving experience. The BMW 2 Series Coupe is no exception.
It’s M240i boasts a 340bhp twin-turbocharged petrol engine that produces heartstopping amounts of power that help the car achieve speeds of 0-62mph in 3.4 seconds. It’s sports steering and dynamic rear-wheel drive gives the BMW 2 Series Coupe racetrack precision handling.
The Kia Sorento is a 7-seater SUV that is one of the most versatile cars on the market. It’s spaciousness, comfort and reliability make it ideal for busy families who constantly find themselves on-the-go.
Kia is renowned for producing efficient cars that are cheap to run. The Sorento’s 2.2 litre engine has low fuel consumption and low emissions for a diesel. Meaning that the car will have a lower road tax than most other SUVs.
Fully electric vehicles are growing in popularity, and with each generation they are improving in battery technology that beat the range of most petrol or diesel cars. The Nissan Leaf is one of the oldest commercially available electric car models in the world.
Fully electric cars cost a fraction of petrol and diesel to run, and costs nothing with road tax. The Nissan Leaf can reach distances of up to 168 miles on a single charge and only costs approximately £300 per year to power.
