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A popular funding method for those VAT registered companies who want to handle the administration of their vehicles themselves.
The hirer can choose to pay the entire cost over the agreed lease period, plus an interest charge, or pay lower monthly rentals during the lease period with a final payment based on an anticipated resale value of the vehicle.
Finance Lease is especially tax efficient if you are financing Commercial Vehicles
Watch out, the final payment / balloon / residual / bubble is not optional, you are responsible for it and it may be more than the value of the vehicle at that time! |
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