Finance Options - Contract Purchase
 These
agreements are most applicable if you are restricted in the
amount of VAT which you are able to recover or if you have a
number of expensive vehicles (in excess
of £25,000 each) in your fleet.
You enter into an agreement for the vehicle for a fixed term
at a fixed monthly rate.
At the end of this term you have the option to buy the vehicle,
by making a final ("balloon") payment which you
agreed at the beginning of the contract. You may return the
vehicle to us and share in any profit derived from disposal.
You will not however have any further payment to make if the
vehicle returns less than the agreed "balloon" amount
The fixed monthly payment includes the purchase price, depreciation,
the length of the agreement, mileage and the cost of any additional
services you choose to include (maintenance, breakdown cover
etc).
You will benefit from the following :
- Low initial outlay, typically equivalent
to three monthly payments, optimising capital utilisation.
- Fixed monthly costs, assisting with cash
flow management.
- The lowest purchase price component due
to our volume buying.
- Tax advantages of ownership at the end of the agreement.
- No exposure to disposal risk.
|
