For non-VAT registered companies who want eventual ownership of the vehicle.
With Lease Purchase, by initially paying a deposit and opting to pay a larger amount at the end of the agreement, your monthly payments are noticeably reduced. The final balloon payment is usually the anticipated market value of the vehicle at the time the agreement ends.
Interest is allowable against taxable profits, writing down allowances are claimable, and the vehicle appears as an asset on the balance sheet.
