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FINANCE  

Business Users

LEASE PURCHASE - WHEN YOU WANT OWNERSHIP...

Similar to Hire Purchase but for the Business User. It’s simply a loan agreement with the option to purchase. You enjoy all the benefits of using the vehicle, whilst the finance company retains an interest until the last payment is made.

Your deposit is paid on delivery of your new vehicle, leaving the balance plus interest paid over the agreed period in equal monthly instalments. Full title passes to you when the final payment is made.

The vehicle is treated as a cash purchase for both VAT and Business Tax purposes, thus allowing you ‘Written Down Allowances’ of deprecation. Where applicable VAT is reclaimable.

Full interest charges can be offset on an annual basis.

 


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