Contractor Car Advice

[Danglekt]

an accounting colleague of mine told me years ago. Buy a lower than average mileage, slightly older car, solid, but not flash.
Say...£3k worth.

Use it, get your £.45 a mile - pocket the rather large benefit after the car pays for itself within the year.

Flog the car for not much less than your bought it for before the value drops off a cliff at 100k miles or whatever.

Repeat the cycle.

You don't drive the flashest car, but the tax free income each month is nice.

Not for everyone, but it's what I do.

sitting in the daily traffic jam every day, the fact I'm sat still or crawling along in my 11 year old car rather than sitting still in a brand new car make no difference.

[SueEllen]

I expect the client is trying to avoid that scenario.

Older cars don't mean they are unsafe or will break down.

I always think it's interesting that on certain roads the broken down cars are about 3 years old e.g. the age when they should have been serviced but clearly haven't.

Oh and these roads the police frequent so will happily give you a ticket if you have stopped for the wrong reason.

[Qdos Contractor]

There's an article relating to this on ContractorUK here.