Should I lease a car through my business or personally? As a business owner or Company Director wanting to lease a car for yourself, you have the choice of either Business Contract or Personal Car Leasing. In other words, you could lease your car through the business or lease it in your personal name, and each option has its own implications, benefits and disadvantages.
Business Car Leasing or Personal Car Leasing – a question of tax. The main thing to consider when you’re thinking about whether to lease a car through your business or personally is the tax situation. If you lease a car through your business, you will have to pay Company Car Tax (or Benefit In Kind Tax as it is also known), as some of your mileage will be classed as for personal use. There is also the Car Fuel Benefit charge to take into consideration if the company pays for your personal fuel.
However, leasing a car through a business has real advantages for the company, which is why most companies still lease the
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