What is the difference between a Personal and Business Lease?

 

If you are a private individual with no access to a car allowance, business mileage payment or a company provided vehicle, then you will require a personal finance agreement. This could be Personal Contract Hire (PCH) or Personal Contract Purchase (PCP).


If you have access to a company car or a car allowance to opt-out of your company car scheme, our team are here to talk you through the advantages and disadvantages of a business or personal lease.



There are a number of considerations to take into account when choosing between a business or personal lease. Our team here at iSpecial Mobility will provide you with as much information as possible so that you can make the right decision based on your own circumstances. If you are a business owner, we will also provide all the technical information to assist your accountant or tax advisor.


You can find out more about the different options for Business or Personal Vehicle Leasing.




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