Car Leasing
When looking at Leasing, which is an option for
Business Buyers, it is best to consider cars quite separately from any other
type of asset. A cost & cash-effective option in acquiring a car for those
who are VAT registered. Repayment costs are calculated on the vehicle cost
excluding VAT - this therefore reduces the monthly payment.
PLEASE NOTE - when you come to sell a leased car,
VAT must also be charged!
Fixed costs making for easier budgeting. A residual
sum can be built into the deal thus reducing the monthly payments, this sum to
be covered from the eventual sale. Rentals allowable against Taxable Profits
Assuming VAT registered, 50% of the VAT payable on the rentals can be reclaimed
Assuming a satisfactory repayment history at the end of the primary period the
lessee (the customer) can sell the car to a 3rd party (refer to the individual
lease agreement) and retain the majority of the sale proceeds.
The amount can vary but we will not work with Lessors who do not refund at least 85 to 95%. Some will go even higher.
If you would like a quote please call us on 01603 258780
Written Quotes available - All facilities subject to status