Vehicle lease transfer to director
Discussion
I have an accountant but I would like to ask you guys for your opinion.
I have a limited company (IT contractor) and I’m thinking of buying a van. I have the funds in the business to buy it outright but I’d prefer to finance it, with a lease perhaps?
Anyway, aside from the the finance options, I’m wary of what happens if I stop contracting and have to close my company down.
Let’s say I pay 12 months but have 24 months remaining, can I hand over 24 months of payments and keep using the van for that period. Even if the business is closed?
Thanks
I have a limited company (IT contractor) and I’m thinking of buying a van. I have the funds in the business to buy it outright but I’d prefer to finance it, with a lease perhaps?
Anyway, aside from the the finance options, I’m wary of what happens if I stop contracting and have to close my company down.
Let’s say I pay 12 months but have 24 months remaining, can I hand over 24 months of payments and keep using the van for that period. Even if the business is closed?
Thanks
Gassing Station | Business | Top of Page | What's New | My Stuff