Business contract purchase is a manageable way for business customers to fund a new vehicle. VAT registered companies can own a vehicle and avoid the risk of depreciating assets.
How does it work?
Contract Purchase is similar to Contract Hire in that your business will pay an initial rental and monthly payments for a set period of time. The difference between contract hire and contract purchase is the Balloon payment and what happens at the end of the contract. You have 3 choices:
The Guaranteed Future Value (guaranteed future value, sometimes known as the balloon payment) of the vehicle is agreed at the start of the contract. If the payment is made at the end of the contract, then ownership will pass to you the customer.
What happens at the end of the contract?
Applied Leasing Ltd can assist in sourcing any make or model for your next vehicle.
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Applied Leasing are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 689942
Registered in England & Wales with company number : 2473288 | Data Protection No : Z8661858 | VAT No : 669698057
Registered Office : Suite 2.08, Grosvenor House Central Park, Telford, Shropshire, TF2 9TW
Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.
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