For companies and personal contracts with high value cars that would like the option to purchase their vehicles, but don't want any depreciation risks. The customer acquires the vehicle by paying fixed monthly instalments with the asset being shown on the company balance sheet. They can either retain ownership at the end of the contract or hand the vehicle back with a guaranteed residual value subject to a contracted mileage and excess mileage charge. Contract purchase has added benefits of saving on maintenance and comes with road tax and roadside assistance in most cases and can include all servicing if required.
Key Benefits
- Low deposit
- No mileage restrictions, although you will end up paying for the depreciation for the miles travelled.
- Allows you to own the vehicle.
