If you are looking to buy a car or commercial vehicle outright then hire purchase could be the answer for you. This form of finance is often popular for companies or individuals who do not change their vehicles too frequently. Once the full set of finance payments has been made the asset is owned outright.
It is a structured straightforward repayment facility. The customer puts down a pre-agreed deposit and the balance is spread over the agreed period of the loan.
Key features and benefits
If you are a business then the asset appears on your balance sheet.
With ownership you have total control over the asset.
If you are a business ownership normally carries the potential for claiming writing down allowances.
For businesses, VAT on the cost of the asset is normally reclaimable*.
Fixed interest rate.
For businesses then interest element of repayments can normally be offset against taxable profit.
If you would like to discuss your options further or would like a quote on a vehicle them call us on: 0870 889 0181 and let us help you come to a decision that’s right for you.
We have been dealing with yourself and Express Vehicle Contracts for the past 10 years. Over that period of time you have always tried you hardest to satisfy all our requirements.
The service and the prices you supply are always the best in the market place. Can I personally thank you and your Company for your support.
