Finance

The information below is a brief overview indicating some of the methods of funding you may wish to consider for business or personal acquisition.

Meeting Your Requirements Contract Hire Finance Lease Contract Purchase Hire/Lease Purchase Personal Leasing Outright Purchase

Finance/Taxation Issues

Accurate Monthly Budgeting

Improved Cash Flow

Minimum Capital Expenditure

Fixed Rates

Capital Allowances Available

Rental Allowable Against Taxable Income

Ownership of Vehicle + ++ ++

VAT Chargeable on Rentals

VAT Recoverable on Monthly Rentals * *

VAT Recoverable on Purchase Cost and Passed on to Customer in Lower Rentals

No Depreciation Risks

Vehicle Running Requirements

No Vehicle Disposal Problems

Reduced Administration

Ongoing Advice/Support

Ongoing Road Fund License Provided ++

Replacement Vehicle in case of Breakdown ++

Fixed Charge Maintenance ++

VAT Chargeable on Services & Maintenance

VAT Recoverable on Services

+ 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.

Conditions

1. Product information is for guideline purposes only, and should not be interpreted as advice or be viewed as a recommendation.

2. Product acceptance is subject to credit approval and contract.

3. Independent advice should be sought before entering into any finance contract.

To begin the quotation process click the link below and fill out the details requested, after you have submitted the form a representative of Online Cars will contact you.

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