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.
key benefits
- non VAT on payments
- ideal for VAT exempt or non-VAT registered companies.
- deferred end payment
- can be included if required - helps to reduce monthly outgoings.
- flexibility
- settlement figure can be obtained at any stage.
- tax benefits
- car can be written down on a reducing balance, and interest offset.