Ideal for companies requiring a flexible and VAT efficient funding option for their fleet. VAT is reclaimed on the purchase of the vehicle and the customer pays interest charges on the net figure.

Rentals can be further reduced by incorporating a final "balloon" payment (not guaranteed).

At the end of the agreement the customer has the option of either entering the "secondary lease period" with a "peppercorn rental" payable per annum or selling the vehicle and retaining up to 99% of the sales proceeds.

Benefits

• Minimal initial outlay
• Typically 3 months rentals
• Interest charges applied to the vehicle cost net of VAT
• Rentals offset against taxable profits
• Subject to IR Legislation
• Major Fleet discounts incorporated within the rental