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HIRE PURCHASE / LEASE PURCHASE

Hire purchase from Athena Vehicle Leasing allows you to buy a vehicle over a fixed period of time, at a fixed monthly cost with an option to purchase the vehicle at the end of the finance period.

The 'option to purchase' amount can either be a nominal amount (£1), or a more substantial balloon payment and you can choose whether or not to exercise this option.

Hire Purchase is an 'on balance' sheet method of financing vehicle fleets and its advantages vary according to each customer's needs and existing arrangements. It is most advantageous for companies operating expensive vehicles or those, which are unable to recover VAT on monthly payments.

VAT on a commercial vehicle is payable on the whole capital cost of vehicle in addition to deposit or advance rentals.

Key benefits include:
Balance Sheet similar to Outright Purchase - automatic ownership
Alternative Credit Line / Cash Flow Benefit
Capital allowances available· Capital allowances available
Tax relief on the interest element of the instalments
Fixed rate funding or variable base rate linked
Athena Vehicle Leasing or client can source vehicles
Fleet Management Services available (maintenance package)

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	The SLK Roadster from Mercedes-Benz The Seat Alhambra