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CONTRACT PURCHASE
Contract Purchase from Athena Vehicle Leasing allows you to have the use of a vehicle for a fixed period of time, with a predetermined mileage, at a fixed monthly cost, without having the hassle involved in running and maintaining the vehicle.

A range of services can be included within the monthly instalment.

The advantages of Contract Purchase vary according to each client's needs and existing arrangements.


Key benefits include:
On-balance sheet (similar to Hire Purchase)
Alternative Credit Line / Cash Flow benefit
Capital allowances available (client claims write-down allowances up to a maximum £3,000 p.a.)
Finance element is VAT free (ideal for companies/partnerships unable to fully recover VAT
Tax relief available on interest and maintenance
Guaranteed resale value
End of contract options:
· Vehicle purchase
· Vehicle returns to finance house
Eliminates vehicle disposal problems when the option of buyback is taken up
Manufacturer discounts available

Contract Purchase can be summarised as a tax efficient method for companies who are generating taxable profits and require the benefits of capital allowances to minimise their tax charge.

At the end of the contract there is an option to repurchase the vehicle for an agreed price set at the start of the contract, based upon an agreed mileage, period of contract and condition of the car.

Management time is kept to an absolute minimum since all the trouble-shooting, wrangling over discounts and warranty issues is done by us, leaving your managers to look after managers to look after your business.

Did you know? Contract Purchase is often used by fleets with restricted VAT recovery or for vehicles costing in excess of £20,000.

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