[Londoner]

The only problem with borrowed money is having to pay it back. If you are sensible about it you should be OK but the key word is sensible.

One of the biggest advantages of this business is that you don't need to lay out wads of money to get started or to grow.

[STEVE-UK]

the only finance i have is for my yell.com ad , but thats interest free

[macmac]

Financing ,in respect of borrowing funds, is down to personal choice as well as personal circumstances.
But I think the major issue is, does the benefit exceed the risk.

Buying a new van is no guarantee of success, the same way as using on old ford escort isnt either, the  major difference is the monetary  loss you may face. Both options have their pro and cons

Buying for the sake of buying is a waste of money whether the money is borrowed or not.



Mark

Well said & welcome back, where you been?

Tony

[dmlservices]

you need to bye most equipment on leasing higher much beter tex retrun you get 75% if you bye out right over 3 years and 100% on a leasing so why pay tex is what i think .

Sorry but your wrong there from this tax year you can spend up to £50000 a year on equipment for your business and get 100% tax relief e.g if you spend £10000 on a van you would not have to pay any tax on that £10000, Where as  prevously you would have claimed tax relief on on the depreciation. So for many leaseing no longer has the same tax benifits.

i was about to lease , but bought a 4 yr old van instead, then my accountant told me about the £50,000 new allowance, so well happy now 


daz