Finance Options | West Midland Vehicles

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Your Requirements	Contract Hire	Contract Purchase	Hire / Lease Purchase	Finance Lease	Personal Leasing	Outright Purchase
Finance/Taxation Issues
Accurate monthly budgeting
Improved cash flow
Minimum capital expenditure
Fixed interest rate						N/A
Capital allowances available					N/A
Rental allowable against taxable income					N/A
Ownership of vehicle +		++			++
VAT chargeable on rentals
VAT recoverable on monthly rentals	*			*
VAT recoverable on purchase cost by finance company and passed on to customer in lower rentals
No depreciation risks
Vehicle running requirements
No vehicle disposal problems
Reduced administration
On-going advice/support
Road fund licence provided ++					++
Replacement vehicle in case of breakdown ++
Fixed charge maintenance ++
VAT chargeable on services
VAT recoverable on services					N/A
+ At end of contract with financing products ++ Optional * Only 50% of the VAT relating to the finance element is recoverable if private use or 100% if only business use. 100% of the service element VAT is recoverable if business use.