Finance Lease
Ideal for VAT registered companies who want to handle the administration of their vehicles, and have the asset shown on their balance sheet.
The hirer can choose to pay the entire cost over the period of the lease, or pay lower monthly rentals by including a balloon payment at the end of the agreement (based on the vehicle's anticipated residual value).
Low initial payment
A low initial payment helps cashflow.
Early termination possible
Enhances flexibility.
Ideal for VAT registered businesses
Up to 100% of VAT reclaimable.
Tax efficient
Monthly payments allowable against taxable profit.
Deferred end payment
Reduces monthly outgoings.
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