You hire the vehicle for an agreed period of time (usually between 24 & 48 months) and pay a fixed rental based on the mileage you will do over the contract period. Basically you pay for the predicted depreciation of the vehicle plus interest.
You hire the vehicle for an agreed period of time (usually between 24 & 48 months) and pay a fixed rental based on the mileage you will do over the contract period.
All payments plus VAT of which 50% is recoverable. Up to 100% of the monthly rental can be offset against profits.
You purchase the vehicle over a period of time, deferring an amount of the purchase cost by way of a balloon payment usually equal to or lower than the expected sales proceeds at the end of the contract. This allows for lower monthly payments than with straight hire purchase. No VAT involved with a lease purchase agreement on a car.
When it comes to purchasing a new or used car, many people turn to car finance as a convenient and flexible solution. Car finance allows individuals to spread the cost of their vehicle over a period of time, making it easier to afford the car of their dreams without breaking the bank upfront.