- If you can’t be sure your business will need a vehicle for the full term of a lease… e.g. 2-3 years, as whilst early termination of the lease is possible, charges may apply
- If you believe you or your employees won’t care for the vehicle… as it would need to be maintained in-line with Fair Wear and Tear guidelines (note that vehicle maintenance packages as well as Select Protect insurance are available to help reduce any damage related costs incurred over the life of the lease)
If you work for yourself, read our guide to car leasing for the self-employed, sole trader and partnerships.
Information is provided as a guide only. Select Car Leasing cannot be held responsible for any personal or business decisions made as a result of information provided in the guides. As with all aspects of taxation, it is the responsibility of individuals and businesses to understand the rules and regulations and act accordingly. As personal and business circumstances can vary, it is also advised that you take professional accounting advice before making a final decision.