Contract Purchase

• on balance sheet funding
• tax-efficient for vehicles over £23,000
• fixed repayments
• no VAT attracted to rental costs
• removes uncertainty of residual value fluctuations
• reduced administration
• support services are available including fuel cards, Accident Management, and full Breakdown Recovery

Contract Purchase could be a more effective way to finance your fleet if your company cannot fully recover its VAT.  It is also cost-effective for fleets that can recover their VAT but operate cars costing in excess of £23,000.  This form of vehicle funding provides all the benefits of Contract Hire, but gives you the option to own the vehicle.  At the end of the contract period you can choose to keep the vehicle, dispose of the vehicle or sell the vehicle back to us avoiding any depreciation risks.