Cars, vans and trucks provide essential transport for both companies and individuals. But they can be expensive to own and operate, so it is important to select the appropriate financing method when purchasing or otherwise accessing them.
Various options are available, each of which has its own advantages and disadvantages depending on an organisation’s operational objectives, accounting methods and cash flow requirements.
This guide has been produced in association with professional services firm Grant Thornton UK LLP to assist consumers and businesses in choosing the most appropriate solution for their circumstances.
It looks at the pros and cons of buying vehicles outright, in addition to a wide range of funding services offered by BVRLA members. It also takes a fresh look at the debate surrounding whether to give employees a company car or cash alternative.