Day 25 - Guest Blogger Jim Reid

Todays Guest blogger is the lovely Jim Reid of Jim Reid Vehicle Sales the go to man for all your vehicle needs either business or personal

The Best Business Vehicles

Selecting a car for personal use can be a minefield, not only have you ensure you are buying the best car that suits your wants & needs but also that it comes with budget (even monthly budget) and you have to make sure that you are happy where you are buying it from too!

So you can imagine that when you are selecting a vehicle that suits your business need this is fully harder. With so much choice both in the new & used car & van marketplace you have to ensure a number of things before making that final decision.

·         What are you going to be using the vehicle for?

·         How many miles are you going to be doing per year?

·         Who else will be using the car?

·         Do you require a large boot to carry equipment or stock?

·         Do you carry passengers, frequently?

·         Are you self employed, sole trader or a director of a LTD company?(if you are a Director and buying a car for business and personal use, you will require some specialist assistance with tax advice)

An example of this is if you are doing more than 20,000mls per year and doing long distance driving it’s maybe worth looking at something diesel, with cruise control perhaps and something with a comfortable seating position opposed to a small city car with a small petrol engine which is ideal if you are doing alot of town driving and parking in tight car parking spaces etc.

Like “horses for courses” cars /vans require to fit the needs and requirements of each driver differently, with so much choice there will definitely be a car out there for you.

So once you settle on the exact car/van you then need to know how best to fund it. There has never been a better choice of ways to fund a vehicle than now, and depending on how your company is set-up and what capital is available there are various payment options for you. You are always best to talk to your accountant about this as they will advise you if it’s best to be kept of your balance sheet or if you want to buy it before the year end to take advantage of some tax breaks.

At Jim Reid Vehicle Sales we offer a number of payment plans including Hire Purchase, PCP (Personal Contract Plan) these are ideal if you are self employed where as Contract Hire , Lease or Lease Purchase maybe a better option if you are a LTD company. Although we cannot offer Company Lease or Contract Hire terms we have a trusted partner we can introduce you to.

If you are thinking of changing your car or small commercial and think you would benefit from some independent, impartial  advise in a non-pressure environment then please feel free to call Andy , Phil or myself (Jim Reid) on 01467 633045. We will be happy to assist you.