Personal Lease Purchase/Hire Purchase
(Moves
to page in current browser window - use 'back' button
to return)
(Opens
in new window)
This type of agreement is available to private individuals.
The same general terms apply as described in the section
on but without any of the implications
for taxation and VAT.
Follow the links below to see explanations
of different vehicle contracts:
- Suitable for most businesses, almost half of
the UK fleet market uses this option....
- Personal Contract Hire is popular
with individuals and employers who want to substitute
a cash allowance for the traditional benefit of a company
car....
- Contract Purchase is mostly suitable
for businesses where reclaiming VAT is not required....
- If you wish to keep vehicles
as a business asset....
Personal Lease Purchase/ Hire Purchase - This type of
agreement is available to private individuals
- An alternative to Contract Hire where the
hirer has the option of paying back the capital cost
of the vehicle over a longer period....
(Moves
to page in current browser window - use 'back' button
to return)
(Opens
in new window)
