Contract Hire
	Finance Lease
	Contract Purchase
	Lease Purchase / HP
	Personal Contracts / PCP

Contract Purchase

Ideal for customers who would like the option to purchase the vehicle without taking all the depreciation risk. Similar to contract hire, the customer pays a fixed monthly payment for an agreed period of time based on an anticipated mileage. Maintenance can be included as an option. At the end of the contract the customer can pay a predetermined final payment to purchase the vehicle or simply return it to the finance company. Writing down tax allowances apply.

Highlights:

• Low deposit (usually equivalent to three monthly payments)
• VAT payable only on any applicable service element of the contract
• Mileage restrictions apply
• 12- 60 month contracts
• Any vehicle - new or used (up to 12 months old)
• Road tax and breakdown cover included for full contract
• Fixed costs
• Optional eventual ownership
• No decision on the option to purchase need be taken until the end of the contract