Ideal for VAT registered companies who would rather hire than purchase as it offers a very tax-efficient way of financing their vehicles. The benefits include:

• Fixed monthly rentals for easy budgeting
• Lump sum deposit or a number of monthly rentals as an advance
• Tax benefit from ‘writing down allowance’
• 50% VAT refund is available on the finance element & 100% on the maintenance
• Option to extend agreement
• Option to lower monthly rentals by deferring a final ‘balloon’ payment

Here’s how it works

With your Sales Consultant you agree an initial deposit and the number of fixed monthly payments you want to make over a period of time. At the end of your contract you can choose to extend your agreement into a second lease for a nominal annual fee. Or you can choose to dispose of the vehicle on our behalf and keep 100% of the proceeds.

For business use only