Hello, I wonder if anyone can provide some guidance.
I have been running my company for little under a year, I want to get a company car but not sure if I would be better off leasing it personally or through the company.
Now, as far as I understand it, if you want to get a fairly high powered car, it works out better to lease it personally, and claim milage back through the company.
But, the twist to this tale is I am looking at a performance hybrid - specifically the Volvo XC60 T8, which I believe has a lower BIK, which is the single biggest reason against getting a company car with a larger engine
I could be talking rubbish though, hence my question - can anyone advise what the best thing to do here would be?
I have been running my company for little under a year, I want to get a company car but not sure if I would be better off leasing it personally or through the company.
Now, as far as I understand it, if you want to get a fairly high powered car, it works out better to lease it personally, and claim milage back through the company.
But, the twist to this tale is I am looking at a performance hybrid - specifically the Volvo XC60 T8, which I believe has a lower BIK, which is the single biggest reason against getting a company car with a larger engine
I could be talking rubbish though, hence my question - can anyone advise what the best thing to do here would be?
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