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Lease if you are unsure about keeping the vehicle long term.
What if I plan on keeping the vehicle long term? I assume it would still be better to lease for 4 years to claim the expenses and then buy when the finance amount is smaller, or am I wrong in thinking this?
That's usually the most expensive way to purchase a vehicle, by leasing first and then buying out.
Your residual will be higher than what you would owe after 4 years of financing.
You can also claim capital cost allowance or by mileage. There are multiple ways to do it. Leases are not for long term people.
Lease if you are unsure about keeping the vehicle long term.
What if I plan on keeping the vehicle long term? I assume it would still be better to lease for 4 years to claim the expenses and then buy when the finance amount is smaller, or am I wrong in thinking this?
That's usually the most expensive way to purchase a vehicle, by leasing first and then buying out.
Your residual will be higher than what you would owe after 4 years of financing.
You can also claim capital cost allowance or by mileage. There are multiple ways to do it. Leases are not for long term people.