First year business allowance on EV

[Exige-boy]

Hi everyone.

I run a family business, which is a partnership and am currently looking at buying a new BMW i4 outright from BMW and offsetting the majority of the cost against our taxable profits.

I believe you can offset 100% of the cost but as it will be used for mostly business use and a little personal use, I’ll be claiming 75% back and paying the 25% to cover personal use.

BMW contacted me today to offer a further discount on the quoted price if I took advantage of their FDA offer.
This would save around £2500 off the list price.

I’m just wondering if you take out such a finance deal and pay it off immediately would it affect your entitlement to being able to write the value of the vehicle off against your taxable profits as opposed to buying it outright with a bank transfer?

My accountant doesn’t seem to know and isn’t being particularly helpful so I was hoping someone on here would know.

Thanks in advance!