Whether it’s better to lease a vehicle or purchase it outright depends on the individual requirements of your company. If you want to claim the VAT back in full, then hire purchase may be best way forward, but a finance lease generally offers the solution with the lowest deposit and monthly repayments. It’s also an easy route to getting a brand-new van every few years.
While we can give you the finance facts, we can’t advise you on what to do in your circumstances. It’s always best to speak to your accountant to find out how to get the best VAT and tax benefits for your business.