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BVRLA revises vehicle funding guide

Date: 28 July 2016   |   Author: Daniel Puddicombe

The BVRLA has updated its Guide to Vehicle Funding, which was first published in 2013.

Its book - which has been published in conjunction with Grant Thornton UK - aims to assist businesses in choosing solutions for their circumstances.

The refreshed guide looks at the pros and cons of buying vehicles as well as a number of different funding options - including those which have emerged since the guide's first publication - which are available, while it also looks at the debate about whether employees should be given a company car or cash allowance.

"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," said Gerry Keaney, BVRLA chief executive. "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."
"We are grateful for the input of associate member Grant Thornton UK LLP, whose assistance has enabled us to produce such a comprehensive and informative publication. We believe businesses and consumers will find this guide very useful when they are navigating the complex landscape of vehicle finance," he added.