If you are self employed or own your own business you can set your car lease payments against your tax return, providing you use the vehicle as part of your business. We are not tax specialists so you will need to research this more, but in certain cases, car lease could be the right business solution for you. Conditions could included the mileage you do for you business against your private mileage and if you get one of the new eco models that do a high mileage to the gallon you could find that you petrol costs reduces also.
At the end of the day, the choice between buying and leasing has to do with the total cost of the vehicle at the end of the lease term and what could be used with the capital that would have been usually used to buy a vehicle. We have been trying to find a video that explains the UK tax advantages or not as the case may be, but could only find this USA version. It may not be 100% applicable, but it may have useful information to research.
