Quote:
Originally Posted by simon1
You need to understand the workings of Business contract hire, the tax savings versus the outgoings plus the VAT advantages. It's not throwing money away if you do the sums right and is probably the fastest-growing method by which people atttain vehicles. It's only useful to businesses that are VAT registered, not to employees or the unemployed.
There are advantages to all forms of car purchase or lease, but each one also has its drawbacks and each person's financial position makes one method better than another.
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So you're not buying it out of your own pocket? Because that's where I was obviously wrong. If you'd have said that in the first place I'd have understood it was a tax avoidance measure.