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Business Fixed Term Contract Hire query

  • 26-02-2013 4:12pm
    #1
    banjobongo
    Registered Users, Registered Users 2 Posts: 1,372 ✭✭✭


    hi guys
    I have a small business (only myself at present, its a limited company) and if business goes well I would be thinking of getting a new car for myself, bought through my company, I was thinking of a Business Fixed Term Contract Hire, my question is, does this model of rental only apply to a new car?
    Ideally I would like to lease a small exec type or car but would not have the budget to consider a new car, however I might be able to consider a 3 - 4 yr old car.
    Any feedback?
    thanks in advance!


Comments

  • #2
    [Deleted User]
    Posts: 23,339 ✭✭✭✭ [Deleted User]


    BIK rates are on the new price though :)Something to consider if thinking of buying a 4 year old car.


  • #3
    Drummerboy08
    Closed Accounts Posts: 12,102 ✭✭✭✭Drummerboy08


    Only applies to new vehicles and the BIK amount is based on the OMV (Original Market Value) of said vehicle.

    Audi are doing quite reasonable rates for contract hire on A4 at the minute.


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