The Director of a private medical company sought after an electric Porsche through the organisation, which in turn optimised tax advantages for the business. This encountered obstacles, demanding an effective solution.
Within first direct negotiations with Porsche, the director was given a quote but encountered financing complexities due to the size of the business and its youth. As such, the dealership couldn’t put funding in place for the client, leaving the client without a means to purchase the vehicle.
The client’s accountant introduced them to Breadalbane. Through extensive knowledge of the market, we were able to secure a financing solution that not only rivalled but surpassed the original quote, and secured the finance approval.
With the financing framework in place, the director was seamlessly able to acquire the electric Porsche through his business, leading to substantial tax benefits. These benefits extended beyond the acquisition, as the director was able to leverage the benefit in kind scheme to deduct tax against the vehicles value. Breadalbane, in this case, were the dealership in finance for the directors car, providing an effective & competitive, quick & secure funding solution