Lease Purchase
Ideal for non-VAT registered or VAT exempt companies, that want eventual ownership of the vehicle.
Lease Purchase (similar to Hire Purchase) is a funding agreement where the company acquires ownership, when all the payments have been made.
A balloon payment can be included to defer a percentage of the vehicle's cost to the end of the agreement, thus reducing the monthly payment.
No VAT on payments
Ideal for VAT exempt or non-VAT registered companies.
Deferred end payment
Reduces monthly outgoings.
Flexibility
Settlement figure can be obtained at any stage.
Tax benefits
Car can be written down on reducing balance and interest offset.
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