| Benefits |
Things you need to know |
- Pure and simple purchase plan for a vehicle with flexibility
by deferring part of the vehicle capital payment to the
end.
- 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.
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