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- Pure and simple financing leasing agreement with a flexible rental
structure to suit your needs, however you never own the
vehicle.
- Taxation and VAT benefits the same as contract hire.
- Shown as a company asset on your balance sheet.
- You share in the risk and reward of the vehicle running costs
including disposal.
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- It is a fixed contract to term and mileage but this
can be changed by amending the rental.
- There will be a charge if you return the vehicle early.
- 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 the rentals you pay can be offset against your
company profits, as there is a sliding scale restriction
on the allowances for more costly cars.
- 50% VAT recovery on the finance rentals you pay.
- 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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