Contract Purchase for Car Vans and Commercial Vehicles
|
Contract Purchase Contract Purchase offers many of the advantages of Contract Hire, but comes with the optional service and maintenance package. It also allows you to purchase the vehicle the end of the contract for a guaranteed price. The vehicle will registered in your company name and will appear on the company balance sheet as an asset. Writing Down allowances can be claimed. The servicing element of the monthly payment attracts VAT. Contract Purchase is suitable for companies who can't fully reclaim VAT. and for financing the more expensive cars. Contract Purchase agreement allows various options open you may purchase the vehicle, or allow the finance company to sell it on your behalf.
Bookmark/Search this post with:  Delicious |  Digg |  StumbleUpon |  Propeller |  Reddit |  Facebook |  Yahoo |  Technorati |