Lease Purchase

Lease Purchase is a variation of Hire Purchase designed for the business user. The hirer pays a number of monthly rentals in advance and frequently at the end of the agreement, there is a final residual built in, in order for the customer to purchase the vehicle.

Customer Benefits

• Customer has ownership
• On balance sheet
• Tax allowances
• No VAT on monthly rentals
• Ability to claim Write Down Allowance
• Improves asset value of business
• Minimises tax liability
• Ideal for a non VAT registered business