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  1. #1
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    Lease OR Contract hire???

    Hi guys can any of you shed some light on the matter. My brother inlaw is thinking about getting an A6 but doesn't know whether to go for lease hire or contract hire through his business!!! Which is best and what are the differences for and against each one? Thanks guys [img]/ubbthreads/images/graemlins/beerchug.gif[/img]

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  3. #2
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    Re: Lease OR Contract hire???

    Lease is just straight forward finance on the car, contract covers servicing/maintenance & tyres etc. all you pay for is the fuel/insurance & tax.

  4. #3
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    Re: Lease OR Contract hire???

    Cool so would contract be better from a tax point of few if he put it down as like a company car?

  5. #4
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    Re: Lease OR Contract hire???

    No idea everyone I know has opted out. There's his own tax code to worry about but I imagine there are company tax benefits that would offset it if it's his business.

  6. #5
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    Re: Lease OR Contract hire???

    Ok thanks for the info anyway Andy [img]/ubbthreads/images/graemlins/beerchug.gif[/img]

  7. #6
    Anito's Avatar
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    Re: Lease OR Contract hire???

    He's better of taking either option personally. If his company buys the car it becomes a company car and is therefore subject to BIK.

    Get him to finance it personally that was he can charge the tax man for business mileage.

  8. #7
    gizze's Avatar
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    Re: Lease OR Contract hire???

    http://www.audi-sport.net/ubbthreads...&page=0#346965

    Have a look at that post.

    If he is going for a high emission car then definitely worth opting out and claiming milage back.

  9. #8
    6th Gear

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    Re: Lease OR Contract hire???

    Thanks Gizze [img]/ubbthreads/images/graemlins/beerchug.gif[/img]

 

 

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