Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: lee_dewing on August 28, 2009, 03:08:46 pm
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I am a sole trader NOT vat registered.
I spoke to a salesman from citroen and he said that there was nothing i could put down as expenses to the taxman :-/
I thought that was the whole reason of leaseing; a reliable van under warranty, and what it costs you is offet against your incomings?
Help please as i'm looking tomorrow, can't get my van back from menders til tuesday :'(
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load of rubbish.
you cant claim the vat back if your not vat regd.
but anything that you hire for your business is 100% tax deductable. if used solely for business purposes.
if you run around in it socially, then 80-90% deductable or more.
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see an accountant there is some kind of tax deal at the moment on purchase a van upto £6,000
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I am self-employed and not registered for vat.
I got my doblo van on Oct 06 from vansdirect and it is on a four year lease of £175 per month inc vat and which monthly payments are chargeable to tax (20% at my rate). At the end is a balloon rental which "goes" against the value of the van if I sell it or trade it in.
Citroen salesman - ask advice for his vehicles.
Tax vis a vis leasing - ask taxman!
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Beware of the type of lease. There are a few. Contract hire gives you a fixed mileage per annum - if you go over it then you pay a penalty fee per mile at the end of the contract. Also if the van goes back after the hire term in a leess than average condition you have to pay to put it back to average condition. This can cost £100's.
I always get vans on a Finance Lease. I pay a fixed ammount per month and at the end of 3 years sell the van myself. I have an agreed payment to make to the finance company and usually clear enough profit in the sale to pay a deposit on the next one. This was advised by my accountant as I can claim more allowances against tax than contract lease which is just a business cost paid for by your business. Best to talk to your accountant.
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I bolt my tank down in my van. There must be a way you can do this in a lease vehicle...
How do you do this in a van you can't drill holes in....
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I bolt my tank down in my van. There must be a way you can do this in a lease vehicle...
How do you do this in a van you can't drill holes in....
hoo says you can not drill holes in a lease van. i had a contract lease Peugeot partner 2.0 hdi and they said yes you can drill holes so long as when you return the vehicle the holes are plugged up. Dave
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I bolt my tank down in my van. There must be a way you can do this in a lease vehicle...
How do you do this in a van you can't drill holes in....
just return van with rubber bungs in holes, good enough for most
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Check the type of deal thats on offer. Go to different dealers. Maybe go for a lease purchase, at the end of the deal you pay about £50 sometimes and the van is yours. Dont worry about drilling holes the van will be a 'book right off' the garage get their money straight away and the finance company only want you pay the agreement up. Shop around you may be surprised.
Mart
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Check the type of deal thats on offer. Go to different dealers. Maybe go for a lease purchase, at the end of the deal you pay about £50 sometimes and the van is yours. Dont worry about drilling holes the van will be a 'book right off' the garage get their money straight away and the finance company only want you pay the agreement up. Shop around you may be surprised.
Mart
i have looked at lease purchase and cannot find anything with a payment under 4 K
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does anyone know of an age restriction or minimum age limit for contract hire
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Oh good. Back in the dark days of employment, when we returned company cars, the lease co nail the company I worked at for every little scratch and ding.
Might be worth looking at in that case...
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Ive got just over a year left on my 4 year lease for my Nissan Primaster ive got a balloon payment i think it will be about £5000+ if i want to keep the van when the lease is finished i take it i just pay the leasing company the £5000+ balloon payment and the van is mine.
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any van you lease take pictures of any digs and dinks it may have, so they can't do you when you return it
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If you want to buy vauxhall are doing 4 years 0% with 20% deposit at mo'.
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Ive got just over a year left on my 4 year lease for my Nissan Primaster ive got a balloon payment i think it will be about £5000+ if i want to keep the van when the lease is finished i take it i just pay the leasing company the £5000+ balloon payment and the van is mine.
Thats all I would pay for a van false stop