Hi,wondering if anyone can help.

I am about to become fully self employed and as such need to get my own car after having previously had a company car through my employers.

I am currently going through the VAT registration now, and am going to be trading as a sole trader for the time being.  I have several queries:

  • Can contract hire be taken out before i have recieved my VAT number?
  • Can 100% of the vat be reclaimed if the car is used only for business use?
  • My credit history isnt brilliant,  are there any companies which will accept a new startup with little history?
  • If i went down the route of personal contract hire, could the maintenence and fuel be put through my company account and the VAT claimed back?

Any advice on how to arrange the car lease/purchase in the most effective and easy way much appreciated...

Regards

Mike