Would you like to purchase a truck today but spread the payment over time?
Then Hire Purchase** may be the option for you!
Improves your Cash Flow
- Allows you to acquire trucks without having to call on your cash reserves. You are able to use the truck to generate income as you pay for it.
- Monthly repayments are agreed at the beginning.
Tax Benefits
- You are able to claim capital allowance on the truck.
- VAT is immediately recoverable on the whole purchase price.
- Interest elements of your repayments are allowable against taxable profits.
Other Features
- Ownership of the truck passes to you at the end of the agreement.
- The truck is treated as an asset on your balance sheet from the start of the agreement.
- You have full control over the truck as you will be responsible for maintenance, repair, service and insurance.
- Full Service contract can be included.
** Organised through third party.