The BVRLA has published the latest version of the Guide to Vehicle Funding, which offers advice for fleets and consumers looking to finance their next cars and vans.

The guide will look at different funding options for fleets and private buyers.

Produced with professional services firm, Grant Thornton UK LLP, the guide addresses topics including funding services, cash alternatives to company cars, whether to buy outright, and recent updates mean it includes recent changes in lease accounting and business car taxation.

BVRLA Chief Executive Gerry Keaney said: “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.

“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 believe businesses and consumers will find this guide very useful when they are navigating the complex landscape of vehicle finance.”