Brexit ! British car industry non existence ,make it on our own !

[Murdoch]

Murdoch the secret accountant!! i know it sounds silly, but can you give yourself a loan and charge yourself extortionate interest, or is loan interest not deductable??

john..

Creative borrowing on the mortgage ...

 

[Doc Hudson]

If you are buying second-hand I tend to think company vans from any business with multi-driver usage, or anything ex-rental fleet is a far more hazardous purchase than a privately owned vehicle. Company / rental vehicles may have a full service record but they are often the ones flying past you,  right up your rear-end on the motorway, or cutting you up when traffic filters to a single lane. The accelerator only has three settings, Off / Launch from traffic lights / Full speed.  Generally less well cared for when you just drop it back and pass the keys on the next driver.

Doc H.  

 

[Sharpend]

I recently purchased an ex demo van, 12 miles on clock, put the lump through in first year- nicer rebate than normal thank you, then put all running expenses through. I did look at trading it in as I do a fair bit of mileage each year but at a year old they wanted to give me half it’s cost and the replacement van would cost me the same as the original new one?  So now this will run for a few years or more until it has paid for itself before I contemplate a new one, unless I can sell it privately for a good price next year. 

 

[Blue Duck]

If you are buying second-hand I tend to think company vans from any business with multi-driver usage, or anything ex-rental fleet is a far more hazardous purchase than a privately owned vehicle. Company / rental vehicles may have a full service record but they are often the ones flying past you,  right up your rear-end on the motorway, or cutting you up when traffic filters to a single lane. The accelerator only has three settings, Off / Launch from traffic lights / Full speed.  Generally less well cared for when you just drop it back and pass the keys on the next driver.

Doc H.  

Rag the works van, me? Never!

Black boxes on fleet vans mean that they may not be such a risk any more.

 

[binky]

Murdoch the secret accountant!! i know it sounds silly, but can you give yourself a loan and charge yourself extortionate interest, or is loan interest not deductable??

john..

yep, but not at silly interest - it would become taxable income for yourself I think. When we bought vans a few years ago, it was on a loan by the missus, so the buisness basically services the loan but uses the van,. No different to leasing from a garage. Don't register vans to the business as, this becomes a capitol asset.

 

[Tony S]

Rag the works van, me? Never!

Somewhere I’ve got a claim form with “not to be used for future reference!” written across it. I’d hit the same concrete post twice, each time ripping the nearside wing off.