If you run a business, there are lots of benefits to getting a Business Lease vehicle, such as:
- The costs are more predictable and easier to budget for
- Leasing spreads the cost of the vehicle over monthly payments, rather than spending a lump sum at once on a vehicle purchase
- Claim VAT (Value Added Tax) back (required if VAT registered)
- Write off monthly rentals as a business expense on tax returns
- BCH (Business Contract Hire) is usually far cheaper than a PCP (Personal Contract Purchase) agreement
- Leasing a van is usually advised by a financial advisor or accountant for businesses
Please note: A BCH is not suitable for all businesses. For example, if you are unsure of your annual mileage or if you have a poor credit score a lease may not be for you. If you want to go for a business lease, you will need to make sure it is suitable for your needs.