For any Business with high value or specialist vehicles who want the option to purchase without depreciation risks.
The major difference between Contract Purchase and Contract Hire is that there is an opportunity for the client to purchase the vehicle at the end of the contract period. As an alternative the vehicle, at the end of the contract can be returned to the funder.
If you are restricted in the amount of VAT you are able to reclaim, or if you operate expensive vehicles (probably in excess of £30,000), a taxation advantage may be achieved by retaining ownership of the vehicle.
Contract Purchase offers all the operational and administrative benefits of Contract Hire, together with the tax-efficient benefits of ownership, such as the ability to claim capital allowances.
You enter into a finance agreement for the vehicle for a pre-determined period at a fixed monthly payment.
You have the option to buy the vehicle at the end of the contract by making the final payment which is agreed at the start of the contract. Alternatively the vehicle can be returned at the end of the contract with nothing further to pay.
The fixed monthly payment takes into account the cost of the vehicle, its rate of depreciation, the length of the contract, mileage and any additional services that may be required.
See What Our Cients Say…
We operate a multi-choice fleet of 82 vehicles and the procurement and service provided by Janet Brooks has been invaluable at a time of massive growth. I have no hesitation in recommending Lease21 Ltd as a preferred provider of vehicle Fleet Management.
B.L.Pratt Director/Company Secretary W.W.Martin (Thanet) LtdDirector, W.W.Martin (Thanet) Ltd
Brilliant personal service, always contactable, nothing is ever too much trouble. A great relationship thank you Lease21.
Tricia WoodcockOffice Services, Wolseley PLC
Lease21 Ltd has supplied our vehicles for more than 5 years. Their outstanding service & advice has been invaluable in assisting us develop our business.
George CattiniGroup Purchasing Director, Michael J Lonsdale Ltd