Company Contract Purchase
Company Contract Purchase is an alternative car leasing finance
option to contract hire and
is for company and business owners. It is a method which at the end
of the contract, you will have a choice of returning the car with no
cost to you, or purchase the car for a previously agreed amount.
The Benefits
The advantages for having a company contract purchase agreement
are: delivery and collection are free; road tax is supplied for the
duration of the contract; the monthly payments are fixed, and (once
purchased) resale profits are retained by the business. Businesses
can also reclaim at least 50% of the VAT and at least 50% of the
overall cost of the contract hire vehicle against your tax
commitments in most cases. With this type of agreement there is also
the choice of taking out a contract to include full maintenance that
includes full services, replacement tyres, repairs, etc.
How does it Work?
The usual procedure with a Company Contract Purchase is to pay a
deposit (usually three months’), followed by an agreed monthly sum
normally starting at month two for the duration of the contract,
typically over two, three, four or five years. Although a higher
deposit can be made to either bring the monthly payments lower or to
lower the agreed end purchase price. At the end of the contract, the
car is handed back to the finance company with no additional costs
to pay, and with a fresh agreement organised.
Personal Service
At Car Leasing Direct, we specialise in close personal attention
and know that we have some of the most competitive business contract
purchase rates within the market. Not only do we gain quotes from
our own system, but we also have many other finance suppliers, all
of whom offer very competitive prices. Therefore, Car Leasing Direct
does the ‘shopping around’ for you enabling them to obtain the best
price to suit your budget.
If you are unsure of the specification, colour and interior,
please click
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manufacturers offical website links. |
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