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Comparison Chart

Meeting Your Requirements
Contract Hire
Contract Purchase
Hire / Lease Purchase
Finance Lease
Personal Leasing
Personal Leasing
Finance/Taxation Issues
Accurate Monthly Budgeting
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Improved Cash Flow
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Minimum Capital Expenditure
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Fixed Interest Rate
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N/A
Capital Allowances Available
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N/A
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Rental Allowable Against Taxable Income
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N/A
Ownership of Vehicle +
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VAT Chargeable on Rentals
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VAT Recoverable on Monthly Rentals
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tick*
VAT Recoverable on Purchase Cost by Network and Passed on to Customer in Lower Rentals
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No Depreciation Risks
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Vehicle Running Requirements
No Vehicle Disposal Problems
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Reduced Administration
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On-going Advice/Support
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Road Fund Licence Provided ++
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Replacement Vehicle in case of Breakdown ++
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Fixed Charge Maintenance ++
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VAT Chargeable on Services
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VAT Recoverable on Services
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N/A
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+ At end of contract with financing products
++ Optional
* Only 50% of the VAT relating to the finance element is recoverable if private use or 100% if only business use. 100% of the service element VAT is recoverable if business use.

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