30/10/2026
Most accountants favour leasing for business vehicles - and here is why.
7 things worth knowing before your next vehicle decision:
1. Lease rentals on commercial vehicles are fully deductible against corporation tax.
2. 50% of car lease rental is deductible even where there is personal use.
3. Electric company cars attract just a 4% Benefit-in-Kind rate in 2026/27.
4. VAT-registered businesses reclaim 100% VAT on commercial vehicle leasing.
5. Leasing keeps vehicles off the balance sheet with no depreciation charge to manage.
6. Fixed monthly costs make cashflow forecasting significantly easier.
7. Contract hire payments are an operating expense not a capital purchase.
BVRLA-accredited independent across cars and commercials. Talk to us first then take it to your accountant - no pressure just straight advice. Call 01759 318844 or visit jorvikmotorleasing.co.uk.