Suitable for V.A.T registrered companies who want to handle the administration of their vehicles, and have the asset shown on their balance sheet.
This V.A.T beneficial option allows you to choose to pay the entire cost over the hire period including interest charges or pay a lower rental during the contract and pay a final rental based on the anticipated resale value of the vehicle.
- Low Initial Payments
- Fixed Cost Motoring
- Fixed Interest Rates
- V.A.T Recoverable on Rentals*
*Only 50% of the V.A.T relating to the finance element is recoverable if car has private usage. 100% if business use only.
Your vehicle is hired to you for a fixed periond without the option of ownership. Payments cover both the initial cost of the vehicle and the finance charges. At the end of the contract the vehicle must be sold to an independet 3rd party (or alternatively we can dispose of it for you), you receive the proceeds from the sale of the car, less a small fee.
Benefits to you:
- Use of the car without ownership
- Elimination of capital expense
- Better cash flow with fixed monthly rental
- VAT is reclaimable depending on usage
- Rentals allowable against taxable profits (proportionally)
- Use of the vehicle without a large capital outlay
- Business could benefit from the net sale proceeds
For more information on our fleet offers please call us on 01270 419061 or contact us at firstname.lastname@example.org