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| Contract Hire | Personal contract Hire | Finance Lease | |||||||||||||||||||||||
| Contract Hire Overview | PCH Overview | Finance Lease Overview | |||||||||||||||||||||||
| Benefits | Benefits | Benefits | |||||||||||||||||||||||
| Tax implications | Tax implications | Tax implications | |||||||||||||||||||||||
| Contract Hire includes | PCH includes | Finance Lease includes | |||||||||||||||||||||||
| Contract Hire Agreements | PCH Agreements | Finance Lease Agreements | |||||||||||||||||||||||
| Used vehicle contract Hire | Used vehicle PCH | Used vehicle Finance Lease | |||||||||||||||||||||||
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Finance Lease advantages: A finance has many benefits when you acquire a company car. The main advantage of a Finance Lease is the fact that the vehicle is an asset and will be shown on the company balance sheet. For some companies this is an important accounting procedure. The leasing company uses its purchasing power to buy the vehicles at discounted prices. These savings will be passed on to the customer. The VAT on the purchase price of the vehicle can also be reclaimed so the cost of the car on a finance lease is again less. A Finance Lease allows you fixed financing costs and you have the option of a residual or balloon payment, again reducing your monthly payment. The residual is based on the anticipated resale value of the vehicle. If the vehicle is worth more than the residual at the end of the lease then you can benefit from the sales profit |
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Contract hire
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