Rob Moore buys supercars through his company, finances them, and writes off depreciation and operating costs as business expenses. A £255,000 Lamborghini Aventador costs him far less after tax deductions. The structure keeps cash in his control instead of the bank's while he owns the cars outright.
I essentially pay half for my cars when I buy them. I'll buy them in my limited liability partnership, put some finance on them, and depreciate the car and run all the running costs through my company, which is a dramatic tax saving. The Aventador is one of them. That was £255,000 when we bought it. I think it was £300,000 odd new. Then I've got a 1989 Porsche 911, the bad boys one. I've got a Ferrari Testarossa. I've got an Ariel Atom. So that is a bit more to have cash somewhere else because the bank doesn't own that. I own that.
