Car Leasing Companies and Contract Hire Companies in the UK

Car Contract Purchase

Car or van Contract Purchase offers many of the 'NO RISK' advantages of Contract Hire, coupled with an optional service and maintenance package. It also enables you to purchase the vehicle the end of the contract agreement for a guaranteed price.

However, the vehicle will registered in your company name and will therefore will appear on the company balance sheet as an asset. This means that the Writing Down allowances can be claimed. VAT is charged only on the servicing element of the monthly payment. Contract Purchase is ideal for companies who can't fully reclaim VAT. And is more suitable for financing expensive cars over £23000 +.

At the end of your Contract Purchase agreeement term there are various options open to you and you will need to decide whether you wish to purchase the vehicle, or allow the leasing company to dispose of it on your behalf.

If you are considering changing your vehicle, your next step is to contact one of our advertisers to let them know how you might like to proceed. Alternatively, click on any advert and hyperlink to your chosen supplier click "QUOTE ME" for a quotation or telephone for further information.

Also see Business Lease Purchase.