| finance products - lease purchase | |||||||||||
|
This product is for customers wishing to own the equipment at the end of the agreement term. Lease Purchase works on a leasing payment formula, but is similar in principle to Hire Purchase. Writing down allowances may be claimed against the goods and tax relief can be claimed against the interest paid. The deposit required is usually smaller than for a hire purchase agreement, but contracts cannot be amended once the agreement has commenced. The total VAT element of the equipment, is paid by the customer upon signing of the agreement.
|
 |
||||||||||