David Spear Commercials - Which Finance for me?

WHICH FINANCE IS BEST FOR ME?

Hire Purchase If ownership is a priority then this is a cost-effective route to purchasing your vehicle Low Deposit - Vat Only Flexible Repayment period - up to 60 months Fixed Monthly Repayment aids budgetary control and cashflow Monthly repayments are vat free VAT deposit reclaimable (VAT registered customers) 100% of interest charges can be offset against taxable profits Vehicle is an asset on your balance sheet and benefits from writing down allowances Year 1 - 50% Year 2 - 25% Year 3 - 25% etc...etc... Ownership of vehicle will pass when the agreement is completed Ideal for those who require ownership of the vehicle

Finance Lease This facility provides the customer with the benefits of ownership with minimum deposit and maximum flexibility Deposits are usually the equivalent of three rentals. but can be any amount whatsoever Repayment period of up to 60 months VAT is paid monthly, then claimed back quarterly (if VAT registered) Rentals are 100% allowable against taxable profits Facility can have a balloon profile, which defers a large payment to the end of the contract - thus reducing monthly rental and aiding cashflow Vehicle sold or part-exchanged at end of contract hirer benefits from 95% of sales proceeds (ex. VAT) Ideal for non-VAT registered business users looking for low initial deposit and maximum flexibility No mileage clauses