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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 Tax With a Finance Lease the car leasing company are able to claim back the VAT on the purchase price of the vehicle. This saving is reflected in the monthly leasing cost to the customer. The customer is also allowed to claim back 50% of the VAT on the monthly rental cost. In the case of commercial vehicles (Vans) all of the VAT can be claimed back. Benefit in kind taxation is applicable to a vehicle on a Finance Lease |
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Motor car finance options
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