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Picking a new car before 31 March means reclaiming your VAT immediately in April!

Picking a new car before 31 March means reclaiming your VAT immediately in April!

18 March 2024

The end of the first quarter is approaching, and this brings with it a great opportunity if you are considering getting a car. We'll take a moment to explain why now is the perfect time to take action.

How does VAT refund work when leasing a car?

When leasing a car for business use, you can deduct the VAT paid on the car as input tax. This means that the VAT you pay to lease your car can be reclaimed from the tax authorities. Another nice bonus is that this also applies to other car-related costs such as maintenance, fuel and insurance. 

Why lease a car before 31 March?

The timing is crucial. If you manage to get a car on a financial lease this month, you can reclaim the VAT immediately in April. Great for cash flow! The benefits are obvious. 

Come into action now!

The clock is ticking and the end of this quarter is fast approaching! Our website is full of attractive used cars, so don't hesitate to contact one of our advisors right away. We are known for our fast service, where in some cases we can make customers happy with a competitive lease deal within a day. Surely there is nothing better than entering the new year and shining with a new car?"

If you would like more information, please contact us today for no-obligation advice!


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