Financing solutions
Gives you all the benefits of Hire Purchase Fixed rate expect interest is calculated daily at an agreed percentage above a base rate (normally Finance House Base Rate) and is payable monthly or quarterly.
This is the option to choose if you expect interest rates to fall during the course of the agreement.
The vehicle becomes yours once all the payments have been made.
Benefits:
Vehicle appears as an asset on your balance sheet
Fixed repayments of capital
Interest payments can be made monthly or quarterly
Benefit from savings when interest rates fall
VAT fully reclaimable
Tax writing down allowances available
Interest charges allowable against tax
