Contract Personal Purchase UK

Wednesday, 16 April 2008

Contract personal purchase within the UK assimilates all the management and administration benefits that you would expect from contract hire with the added bonus of tax advantages of ownership of the vehicle.

Contract personal purchase is ideally suited to businesses that are not able to claim back value added tax or they require more expensive vehicles maybe because of the company image they wish to portray. The asset will appear on your business balance sheet and writing down allowances can then be offset against any of your taxable profits.

Typical benefits of using contract personal purchase within the UK include:- paying a fixed cost meaning you can make accurate budgeting on your monthly allowance, residual value risk is eliminated, if you choose to take the maintenance package then all maintenance costs are eliminated and for major fleets we can incorporate discounts within the repayments.

To learn more on how we can help you with contract personal purchase please contact us today.

Labels: contract personal purchase uk