Benchmark Leasing Ltd. - Easy and affordable contract hire and leasing for UK car and van business fleets
Benchmark is a local agent of Lex Vehicle Partners Ltd, which is a business unit division of Lex Vehicle Leasing Ltd.
Benchmark offers Contract Hire, Contract Purchase, Lease Purchase, Finance Lease, Sale and Lease Back, Personal Contract Purchase, Hire purchase, new and nearly new for UK car and van business fleets.
Benchmark offers instant contract hire quotes on-line.
Find out your tax liability with the new emissions based system.
Benchmark contract hire special offers for this month
Useful info for anyone interested in vehicle leasing
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Benchmark offers contract hire, contract puchase, lease purchase, finance lease and hire purchase for new and nearly new UK car and van business fleets Vehicle Finance Sale and Lease Back Nearly New Private Buyers
Benchmark Leasing Ltd. - Easy and affordable Contract Hire and Leasing for UK car and van business fleets.

 

Hire Purchase

  • An agreement to buy a vehicle usually by installments for the full amount over the term agreed.
  • Title does not pass until all payments have been made, but tax and accountancy treatment assumes you have title from day one.

Benefits Things you need to know
  • Pure and simple purchase plan for a vehicle.
  • Is shown as a company asset on your balance sheet thereby attracting standard capital allowances and interest is usually offset against Corporation Tax liabilities.
  • No VAT is payable on the repayments.
  • The outstanding debt must also be shown on the balance sheet.
  • All vehicle running costs including the risks are yours.
  • There will be a charge if you return the vehicle early.
  • You may not enjoy manufacturer bonuses.