A simple finance solution giving you the benefits of ownership without the capital outlay. You a pay a deposit, then fixed monthly payments over a period that suits. Interest charges are allowable against tax and you can reclaim the VAT at the start of the agreement. The vehicle will appear as an asset on your balance sheet and you will own it once all the payments have been made.
|You own the vehicle||Fixed payments||Accurate budgeting|
|A flexible deposit and repayment programme||Shows the vehicle as an asset on your balance sheet||Tax-writing down allowances available|
|VAT fully reclaimable||Interest charges allowable against tax||Balloon payments available|
Hire Purchase explained
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