LEASE PURCHASE

This is a Conditional Sale similar to Hire Purchase but with a final payment that you are responsible for at the end of the term. Upon payment of this final amount ownership of the vehicle passes to you.

FEATURES

ON BALANCE SHEET FUNDING

Vehicles are shown on balance sheet as assets.

NO VAT PAYMENTS ON MONTHLY RENTALS

There is no VAT on conditional sale payments so ideally this scheme is suited to non-VAT registered companies who require ownership.

AUTOMATIC OWNERSHIP

The total cost of the vehicle is repaid over the length of the contract. Therefore ownership passes automatically upon payment of the final amount due.