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funding option is specifically designed for business users, after
an inital payment (referred to as advanced rental) with a fixed number
of further rentals are made over the duration of the agreement.
Following the completion of this Primary Period
the lessee can either enter into a further secondary period of hire
for a small annual rental or alternatively sell the vehicle to an
independent third party on behalf of County Leasing with a refund
of up to 95% of the VAT exclusive sale proceeds. All rentals attract
VAT at the prevailing rate. Leasing with a deferred balloon payment
is also available.
Benefits:
Use without ownership of car
Eliminates capital expense
Improved cash flow with fixed monthly rentals
VAT recoverable (depending upon usage)
Rentals allowable against taxable profits (proportionally)
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