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Can you buy a decent car under £3,000?
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I plan on running a mobile business and will need a car to get to clients. For the price it will more than likely be a second hand car which isn't a problem considering this will be my first car and i dont want to fork out my entire savings espcially as I will be starting uni soon. Is it posisble to get a good decent car for £3,000—3,500. Thanks in advance.
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#2
(Original post by Ams97)
I plan on running a mobile business and will need a car to get to clients. For the price it will more than likely be a second hand car which isn't a problem considering this will be my first car and i dont want to fork out my entire savings espcially as I will be starting uni soon. Is it posisble to get a good decent car for £3,000—3,500. Thanks in advance.
I plan on running a mobile business and will need a car to get to clients. For the price it will more than likely be a second hand car which isn't a problem considering this will be my first car and i dont want to fork out my entire savings espcially as I will be starting uni soon. Is it posisble to get a good decent car for £3,000—3,500. Thanks in advance.
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(Original post by Reue)
If you are running it as a business have you considered business leasing instead? It will mean you can match the monthly expense to business cashflow and make the tax savings.
If you are running it as a business have you considered business leasing instead? It will mean you can match the monthly expense to business cashflow and make the tax savings.
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#4
(Original post by Ams97)
I'm not running a car business.
I'm not running a car business.
If you are using a vehicle primarily for business use (except commuting to a single place of work) then you can claim the cost of that vehicle as a business asset. Ie: You make a tax saving on it's purchase and running.
It can be a bit complicated but business leasing companies can help simplify it, and mean you are paying monthly rather than a single lump sum. Often better for businesses.
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#5
(Original post by Ams97)
I'm not running a car business.
I'm not running a car business.
In short, yes, you can get a decent car for that budget, you need special car insurance to operate a business from it though and you will likely find this expensive as a new driver.
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(Original post by Reue)
That's not what I meant, sorry I probably was not clear enough.
If you are using a vehicle primarily for business use (except commuting to a single place of work) then you can claim the cost of that vehicle as a business asset. Ie: You make a tax saving on it's purchase and running.
It can be a bit complicated but business leasing companies can help simplify it, and mean you are paying monthly rather than a single lump sum. Often better for businesses.
That's not what I meant, sorry I probably was not clear enough.
If you are using a vehicle primarily for business use (except commuting to a single place of work) then you can claim the cost of that vehicle as a business asset. Ie: You make a tax saving on it's purchase and running.
It can be a bit complicated but business leasing companies can help simplify it, and mean you are paying monthly rather than a single lump sum. Often better for businesses.
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