A very popular product for self-employed, business users & limited companies.
- Ideal for those who want to own the vehicle
- Keeps your cash in your business, rather than buying outright or putting down a big deposit
- Low initial outlay if required BUT total VAT is payable upfront with any deposit
- Tax deductible
- No VAT on monthly payments
- Available over 24 – 60 month term
- Optional maintenance package if required (additional cost)
- No need to be VAT registered but the VAT is reclaimable if you are
- You can choose whether or not to have a final balloon (residual), having a final balloon reduces your monthly figure payable
- This final balloon is calculated as an estimated residual value at the end of the agreement
- There are no excess mileage charges or damage inspections at the end of the agreement but don’t forget that if you take advantage of having a final balloon, whilst you can build up equity in the vehicle, this may be affected by the vehicle being in a poor condition or with excessive mileage
- You own the vehicle when all payments have been made
Important to Note: The vehicle will show on your balance sheet as a liability.
Full VAT is payable upfront.
The above outline description of this product is not an exhaustive list, so please speak to one of our Vanologists on 0121 382 5657 for your own tailor-made quotation.