Product Comparison

To understand the current taxation implications, either look at the Inland Revenue's website at www.inlandrevenue.gov.uk Or contact County Leasing and Finance, where we would be happy to advise you as part of our free Fleet Evaluation Service.

Finance & Taxation Summary
    Contract
Hire 		Contract
Purchase 		Hire
/Lease
Purchase 		Finance
Lease 		Outright
Purchase
  Accurate monthly budgeting  
  Improved cash flow  
  Maximum capital expenditure  
  Fixed interest rates
  Capital allowances available    
  Rental allowable against tax income      
  Ownership of vehicle    
  VAT chargeable on rentals      
  VAT recoverable on rentals      
  VAT recovered on purchase cost by network and passed onto customer in lower rental      
  No depreciation risks      
  *Optional          
Note 1: Only 50% of the VAT relating to the finance element is recoverable if there is private use of the vehicle.
If the vehicle is only used for business purposes 100% of the service element VAT is recoverable on contract hire only.
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Please find detailed below a summary of the benefits of each funding option verses any vehicle running considerations

Benefits Summary
    Contract
Hire 		Contract
Purchase 		Hire
/Lease
Purchase 		Finance
Lease 		Outright
Purchase
  No disposal issues      
  Reduced administration  
  Ongoing advice and support  
  Road fund licence provided      
  Fixed charge maintenance      
  VAT chargeable on services    
  VAT recoverable on services    
  Optional GAP insurance  
  Breakdown cover      
  Relief vehicle      
  *Optional          
Note 2: Road fund licence is provided for the first year only.