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| I am about to set up as a sole trader in the Building Industry for which I will need to Purchase a van. Please can someone advise me of the most efficient method with which to make my purchase? I understand there are basically three main ways to finance a vehicle, Finance Lease, Hire purchase and Contract hire. Finance Lease appears to be the most suitable and affordable however I am unsure whether I will receive the maximum tax benefit as I doubt I will be vat registered for a few years yet. Thank you in advance for your help |
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| Hi, I think that you should hire because it have lots of benefits. I am also a business man and I recently hired five vans from frontierleasing.co.uk It’s really very good for hiring car. There are plenty of choice and special offers for customers. So I would suggest you for this service. Hope this will help you out. All the best! Last edited by quere; 01-02-2008 at 02:41 PM. |
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| If I were in your shoes, I am to hire now until the business is stable, probably in three years time. Then later, whatever happens, I would reconsider the options. |
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