| Your vehicle is hired to you for a fixed period. Monthly payments are calculated on difference between the initial value of the vehicle and its projected residual value, plus finance charges. This means only a proportion of the vehicle`s value is repaid, which avoids a large initial outlay.
At the end of the agreed period you simply return the vehicle. This frees you from additional costs (excluding any excess mileage or damage charges). |
| Benefits for your business: |
- Use of vehicle without a large capital outlay - Improved cashflow with fixed monthly rentals - VAT reclaimable (depending on usage) - Off balance sheet finance - Rentals allowable against taxable profits - Reduced monthly rentals - No worry or risk at the end of the agreement as you simply give the vehicle back |
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