Thinking of privately using a commercial vehicle? Don’t
There can be serious insurance implications for personal use of a work vehicle
Since the Revenue tightened up its definition of an ‘N1’ commercial vehicle last year, it has not been possible to buy a ‘normal’ new SUV with five seats that is classified as a commercial vehicle – drastically changing the marketplace.
After all, before the change, many high-end SUVs were sold as special ‘business’ editions to take advantage of what was seen as a loophole in the legislation, enabling buyers to get the best of both worlds...
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