just been talking to accountant and doing some sum's wouldn't mind 3rd opinion...
car cost circa £70K
with the capital write off of that in the first year, i am reducing corp tax by about £14K
so as a result i have £14K still in the company not taxable, to do with how i want....
getting it on finance through the company, monthly payments are circa £800
so i have £800 less profit and to pay myself divi's with
the impact of that £800 is reduced somewhat by no perssonal car finance, fuel, etc. (but not forgetting BIK tax)
but with the corp tax savings, i could compensate that by releasing that saved £14K as divi's at whatever rate i want (e.g £14K / 24 months or 12 months or whatever)
my maths is seeing that i am not much worse off in take home cash by doing this....in fact the more expensive car i get, the savings are greater due to the increased amount i am offsetting against corp tax (20% of cars initial value).