Methods used to finance Business Vehicles or Equipment include:-
Hire-Asset Purchase
This means:-
- An arrangement to purchase a vehicle or equipment subject to payment terms;
- Ownership automatically transfers to you on final payment;
- In most instances the equipment is sufficient security;
- The depreciation and interest component may be tax deductible depending on circumstances. Please contact your Accountant or Tax Adviser to see if these or other benefits apply to you.
- A deposit can be used if desired.
Chris George
Business Vehicle and Equipment Finance