A similar solution to Hire Purchase with the same tax advantages, Lease Purchase offers extra flexibility. The initial deposit comprises of monthly payments in advance and the scheme normally includes a final 'balloon' Residual Value payment. This allows you to reduce monthly payments and boost your cash flow. At the end of your agreement you have a choice. Either keep the vehicle or part exchange it, using any surplus equity as a deposit.More and more businesses are turning to contract hire to finance their vehicles. Why? Because Contract Hire is simple, tax efficient and, for most businesses, more cost effective than purchasing. What's more, Contract Hire can provide a full support service that includes maintenance, relief vehicles, AA assistance, and accident management.
In fact we can take the entire fleet administration burden from your shoulders - saving you time to concentrate on running your business.
