Pickup through Ltd company

[Naylz82]

IMO if you want one get one. If you want to save a bit of money don't. For me there just isn't enough money to be saved to have something I don't really want. Do the sums to n'th degree doesn't really help anything.

With all due respect I think I made it clear that with my lifestyle a pickup is a great option, so from a personal perspective the first point is that its a vehicle I want, not only getting one for trimming a bit of tax.

Secondly I think we're all here to try and shave a bit of tax here and there if possible, so if I can then getting one through the business seems a no brainer rather than on a personal lease.

Thanks for replies so far.

[Hobosapien]

I've not really considered the leasing option as I can get a one previous owner medium size van for under £10k + vat and its value is written down over a few years as a company asset. I can then buy it from my ltd at a much reduced price after it's been used to offset profit during the write down phase.

I tend to keep them for as long as they are economical to maintain/repair so a new one every 3 years or so doesn't appeal as they are a workhorse for lumping stuff about, including my push bikes and motorbike. No messing about with trailers or bike racks, just strap or bungie them to one side. A van is a 'real' man's vehicle.

Commercial vehicle insurance isn't as cheap as private though (and with a van you need commercial even if only commuting), and you have to be careful about transferring NCD across as many insurers don't allow it to be moved back to private car later. Mirroring, where the NCD is retained on a private car but also used for an initial commercial insurance is probably best of both worlds option.

[Pat Phelan]

I've not really considered the leasing option as I can get a one previous owner medium size van for under £10k + vat and its value is written down over a few years as a company asset. I can then buy it from my ltd at a much reduced price after it's been used to offset profit during the write down phase.

I tend to keep them for as long as they are economical to maintain/repair so a new one every 3 years or so doesn't appeal as they are a workhorse for lumping stuff about, including my push bikes and motorbike. No messing about with trailers or bike racks, just strap or bungie them to one side. A van is a 'real' man's vehicle.

Commercial vehicle insurance isn't as cheap as private though (and with a van you need commercial even if only commuting), and you have to be careful about transferring NCD across as many insurers don't allow it to be moved back to private car later. Mirroring, where the NCD is retained on a private car but also used for an initial commercial insurance is probably best of both worlds option.

+1
Vans are the way to go, trust me I should know. I use mine 95% for work so it is a no brainer.....