FINANCE LEASE
Finance Lease is a popular funding option for commercial vehicles where Contract Hire is not suitable. 100% Vat reclaimable, spread Vat. Also can be used to fund cars where contract hire is not a good option and 50% of Vat reclaimable, also there may be significant tax advantages.
KEY FEATURES
- Deposit as little as 1 month
- Improved cash flow
- On balance sheet
- No damage recharge
- Accurate monthly budgeting
- Fixed interest
- Rentals allowed against tax
- Vat fully reclaimable (commercials) or 50% reclaimable (cars)
- Benefit of full fleet discounts
- Reduced rentals by including a residual value
THINGS TO REMEMBER
- Vehicle must be sold to 3rd party at end
- Maintenance is not included
- Any residual value is not guaranteed
