As Grandad says, you can set the vehicle cost against your profits in the usual way. The way you finance the purchase of the vehicle is irrelevant in that regard, whether it's from savings, a loan, or an HP agreement. So the fact you used a bounce back loan shouldn't make any difference, and the vehicle will just be treated for tax purposes in the usual way.
So the 'capital allowances' you can claim are based on the purchase price of the vehicle. Normally you get a %age of the purchase price during each tax year, although the rates can vary depending on the type of vehicle.
I think the rate on mine is 18%, so if the purchase price was £35k you could claim £6,300 in the first year against your profits. The £6.3k is taken off the £35k for the second year, and the 18% is applied again. So in the second year you would get (£35,000 - £6,300) x 18%, so in the second year the allowance is £5,166, and so on in later years.
As you say, you can also claim interest on any loan or finance agreement against your profits.
If it's a specific HP agreement or specific loan to purchase a vehicle then it's straightforward enough. But if it's a bounce back loan then I'm not sure the interest would be claimable unless you can demonstrate that it was specifically used to purchase the vehicle, although I'm not entirely certain about that, although of course the interest payments on BBLs aren't huge anyway.
But if you use an accountant they'll know precisely how to deal with all of the above, or HMRC should be able to help if you have specific questions about what you can claim.
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