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T: 0800 912 0220
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mike@nevacity.co.uk



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BUSINESS CONTRACTS
Contract Hire  
The types of company which will best benefit from car leasing are those who are looking for minimum outlay & the best cost control. These companies will also need to be VAT registered.

Car leasing help cut down on paperwork, administration charges, vehicle depreciation & maintenance charges. Instead your business will just pay a fixed monthly sum & receive all the services you require. This service also has the added benefit of being tax & VAT efficient. You can find further details of how car leasing can benefit your business by contacting us

Lease Purchase
If your company is not VAT registered but you are looking to eventually gain ownership of your vehicle lease purchase may turn out to be your best option. You will first need to pay a deposit & following monthly payments will be at a significantly lower rate. At the end of the lease agreement you will be presented with a final balloon payment. This payment is normally the market value of the vehicle at the time of the end of the contract.

This method enables your vehicle to appear as an asset on your balance sheet. This means interest is allowable against taxable profits

Finance Lease  
Finance leasing works best for companies which are VAT registered & who wish to have control over the administration of the vehicle. This method also allows the vehicle to appear as an asset on your balance sheet.

Finance leasing generally works in one of two ways. You can either break down the entire cost of the vehicle including interest into equal monthly payments or pay lower monthly sums & be presented with a balloon payment at the end of the contract. This final payment will be equal to the resale value of the vehicle at the time of the end of contract. A third option is available by extending the agreement into a secondary car leasing period

Sale and Leaseback  
This method is ideal for companies looking to reduce the time it takes to run a fleet of vehicles & release their assets capital.

Sale & leaseback allows your vehicles to be bought for an agreed price, they are then instantly leased back to you via finance leasing or contract hiring. This means you can continue using your current fleet of vehicles with all the advantages that come with these services.

You will no longer have to worry about maintenance & service fees, depreciation or the management of your fleet. Budgeting is also made simple as there is just one monthly payment to take into consideration

 

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