It’s all been done before to a greater or lesser degree
Merchants have always offered terms, for alternative payment options and usually added at a £1 or two onto the price
Now they want to formalise it, hence Oxbury opening up
Traditionally Finance companies have dabbled in and out of it...
Me neither,that is why I asked ‘Hampton’ to show me where it would be applicable to a car used for occasional farm business, but mainly by the wife for social, domestic and pleasure (plus commuting) purposes
Is it her car ?
You should keep the car out of the business accounts if she is part subsidising the HP maybe and instead charging 45p/mile (up to 10,000 miles pa) for the farm’s business use of the car
Ask your accountant?