Car leasing through graphic design business

[den]

Hi all,

Just a bit of wondering really.

Does anyone do a car leasing contract and put it against their business?

Thinking of doing it as desperately in need of a new car but confused whether it's a good idea or not. I've emailed my accountant to ask him but I wondered if anyone does it on here?

Thoughts?

Thanks in advance for any replies.

 

[bigdave]

We've looked at it but until your vat registered there's not a whole lot to gain & the up front payment can be very substantial.

 

[Katedesign]

Wait for your accountant - there may be tax implications also