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Contract Purchase

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Contract Purchase offers the facility to purchase vehicles over a predetermined period of time and at fixed monthly cost, without taking the depreciation risks normally associated with ownership.

The monthly payment takes into consideration the cost of the car, anticipated depreciation and mileage, as well as any service and maintenance options you wish to include.

At the end of the contract, ownership can be retained by making a final balloon payment. Alternatively the vehicle can be returned to the vehicles funder, with no further payments due.

Benefits of Contract Purchase

  • Protection against deprecation

  • Ownership at end of contract subject to paying balloon payment

  • On-balance sheet and attract normal writing down allowances

Want to know more?

To find out more about Contract Purchase and how your business can benefit contact us today for friendly advice.