Find Your Small Business Car at Lloyd Motor Group

For small business owners significant time and cost savings can be made working with our business sales advisors. This makes a big difference when you're on a budget starting up. Leasing also means that SMEs don't need to handle the risks associated with fleet ownership, such as residual values and disposals.


Find Your Lloyd Motor Group Centre

Car Leasing for Small Business Explained

Personal and Small Business Car Lease Contract Options

• If you’re looking for a vehicle for purely personal use, then a personal vehicle lease contract will suit you best.
• If you’re looking to use the vehicle for business purposes, then it’ll be worth considering both types of contract options, to see which will best suit you and your business.

Business vehicle leasing for the self-employed

• Business vehicle leasing is when a vehicle is leased in the name of using it for business purposes.
• Business car leasing offers small businesses a whole host of excellent benefits.

• For someone who is self-employed, a sole trader or in a partnership, the key business facts worth considering about business leasing are:
• You are exempt from having to pay company car tax.
• Business mileage is reclaimable, but personal mileage remains taxable.
• Monthly lease payments may be reclaimable.
• If you’re a VAT registered business, VAT paid on monthly leasing costs is reclaimable.

Speak to a Small Business Car Expert

Contact our business experts at your local Lloyd Motor Group retail centre. We have business development managers across each of our brands; BMW, MINI, Jaguar and Land Rover, Volvo and Kia. Located at our sites across Northern England and Southern Scotland. They are on-hand to answer any questions you may have and to help drive you and your business forward.

The Lloyd Corporate Team