Contract hirer switches to lease
New lender offers restructure
Trucker refinances & banks money
HP v Lease - our opinion
Contract hire nightmare!
Insurance - Read the small print
Free ad site gets its 200th member

►►HIRE PURCHASE

You pay the agreed deposit, V.A.T. on the full purchase price and then finance the balance over a suitable period with fixed monthly payments.

 

  • Client retains ownership of the asset once all payments have been made via an Option to Purchase fee of normally £50 - £75.

  • Fixed or variable repayments normally monthly or quarterly.

  • Period between one and seven years.

  • Interest allowable against taxable profits.

  • Client claims Writing Down Allowances.

  • Asset appears on the Balance Sheet.
 

© 2003 Lease Finance Ltd. All rights reserved. Privacy Policy and Disclaimer