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For companies with high-value cars who would like the option
to purchase the vehicles, but don’t want any depreciation
risks. The customer acquires the vehicle by paying fixed monthly
instalments with the asset being shown on the company balance
sheet, and can either retain ownership at the end of the contract
or hand the vehicle back.
The benefits of Contract Purchase:
Low initial outlay
Eventual ownership
No residual risk
Interest charges claimable against tax
More capital to invest in your business
Flexible contract
Optional final payment
Rentals allowable against tax
Writing down allowance
Fixed monthly costs
No disposal problem
Optional maintenance package
Optional relief vehicle
Road fund licence included for the full contract length
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