Hire Purchase is a product where you pay an initial deposit,
followed by equal monthly instalments over a set period.
The payments are fixed for the full length of the agreement,
once you have paid all the instalments and the purchase
fee, your business will own the vehicle. The interest rate
is fixed over the whole agreement
Key benefits of ‘Hire Purchase’.
- Reduce capital outlay
- Fixed monthly payments
- Finance charges are exempt from VAT
- Finance charges are allowable against tax
- The vehicle can be treated as a balance sheet asset
- Writing down allowances can be claimed.
Further information
This is just an outline of the finance products available
from Finance Mitsubishi. Please ask your local dealer for
details on how we can help you. |
