Finance / purchasing question

[billuk]

Morning all! I'm hoping for some advice from wise heads!

I've just ordered a M3LR (hooray! very excited). I'm buying it through my own (ltd) company because of the 0/1/2% BIK.

I'm trying to work out the best way of paying for it.

Currently I'm tending towards the Tesla Business PCP (black horse). I like the idea of having a pre-determined value in 4 years (even if it's not great, but in case the market changes significantly) and the idea of not spending the full price in one go (I know that convenience is paid for).

I've never bought a car using PCP or had a company car before so I've been reading lots and lots and trying to work my way through it.

I was wondering what others in a similar situation have done (and the reasoning)?

Thanks in advance!!

 

[hmy7k]

If you use PCP you cannot claim the 100% capital allowances.

Whilst this is only a cashflow advantage its still worth considering as it will reduce your corporation tax bill assuming you have sufficient profits to offset.