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- Can provide all the administration benefits of contract hire with
the benefits of ownership.
- Fixed monthly payment provides better cash flow forecasting.
- Is shown as a company asset on your balance sheet thereby attracting
standard capital allowances and interest can usually be offset against
Corporation Tax liabilities.
- VAT is not applied to the finance part of the payment.
- Freedom from disposal worries and risk as this is the job of the leasing
company if you opt to return the vehicle.
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- It is a fixed contract to term and mileage but these can be amended by
changing the purchase payment.
- There will be a charge if you return the vehicle.
- If you damage the vehicle, it needs repairing and it is your fault then
this is not covered under the maintenance contract.
- Glass and windscreen replacement is not covered under the maintenance contract.
- Not all manufacturer bonuses apply to contract purchase.
- If you return the vehicle in a damaged condition and it affects the resale
value then you may be liable for the bill.
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