BVRLA publishes new vehicle funding guide

The BVRLA has published an updated version of its vehicle funding guide to help consumers and businesses find the most appropriate mobility solution.

The guide is produced in association with professional services firm Grant Thornton UK LLP and examines the pros and cons of buying vehicles outright compared to leasing services offered by BVRLA members.

It has been updated to reflect recent changes to business car taxation and lease accounting and takes a fresh look at the debates surrounding giving employees a company car or cash alternative.

Gerry Keaney, BVRLA chief executive, said: “Cars, vans and trucks provide essential transport for both companies and individuals. But they can be expensive to own and operate, so it is important to select the appropriate financing method when purchasing or otherwise accessing them. Various options are available, each of which has its own advantages and disadvantages depending on an organisation’s operational objectives, accounting methods and cash flow requirements.”

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