Similar to contract hire but it includes an option to own the vehicle at the end of the contract or return it. The contract is for a set period of time and mileage at a fixed payment, eg 36 months/60,000 miles. You have the option to return the vehicle or retain it at the option to purchase price given at the start. A maintenance package can be included. Road tax for the term is included.
- Makes easy budgeting as barring fuel and insurance you know what your monthly motoring costs will be
- Normally low initial payment
- No disposal worries
- No VAT on monthly payments (small amount on maintenance only if option taken) and therefore can be beneficial to those businesses outside the scope of VAT
- Tax efficient for more expensive cars
Contact us to find out more about our contract purchase and how we can help you