Choosing your funding method |
| Meeting your requirements |
Contract Hire
|
|
|
|
Personal
Leasing |
Outright
Purchase |
|
Finance / Taxation Issues
|
| Accurate monthly budgeting |
ü |
ü |
ü |
ü |
ü |
- |
| Improved Cash Flow |
ü |
ü |
ü |
ü |
ü |
- |
| Minimum Capital Expenditure |
ü
|
ü
|
ü
|
ü
|
ü
|
-
|
|
Fixed Interest Rate
|
ü
|
ü
|
ü
|
ü
|
ü
|
N/A
|
|
Capital Allowances Available
|
-
|
ü
|
ü
|
-
|
N/A
|
ü
|
|
Rental allowable against taxable income
|
ü
|
-
|
-
|
ü
|
N/A
|
-
|
|
Ownership of vehicle
|
-
|
ü+
|
ü
|
-
|
ü+
|
ü
|
|
VAT chargeable on rentals
|
ü
|
-
|
-
|
ü
|
-
|
-
|
|
VAT recoverable on monthly rentals
|
ü*
|
-
|
-
|
ü*
|
-
|
-
|
|
VAT recovered on purchase cost by Network
and passed on to customer in lower rental
|
ü
|
-
|
-
|
ü
|
-
|
-
|
|
No depreciation risk
|
ü
|
ü
|
-
|
-
|
-
|
-
|
|
Vehicle Running Requirements
|
|
No vehicle disposal problems
|
ü |
ü |
-
|
-
|
ü
|
-
|
|
Reduced administration
|
ü
|
ü
|
ü
|
ü
|
ü
|
-
|
| On-going
advice/support |
ü
|
ü
|
ü
|
ü
|
ü
|
-
|
|
Road fund licence provided
|
ü
|
ü
|
-
|
-
|
ü**
|
-
|
|
Breakdown rescue cover
|
ü
|
ü
|
-
|
-
|
ü
|
-
|
|
Replacement vehicle in case of breakdown
|
ü
|
ü
|
-
|
-
|
-
|
-
|
|
Fixed charge maintenance
|
ü
|
ü
|
-
|
-
|
ü
|
-
|
| VAT
chargeable on services |
ü
|
ü
|
-
|
-
|
ü
|
ü
|
|
VAT recoverable on services
|
ü
|
ü
|
-
|
-
|
N/A
|
ü
|
|
Optional GAP insurance
|
ü
|
ü
|
ü
|
ü
|
ü
|
-
|
