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Finance: Operating Lease
You hire a vehicle for a fixed period based on your estimated mileage and how soon you will require a replacement
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Key Features |
Operating Lease |
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- The vehicle's projected residual value at the end of the lease period is determined
- Monthly payments are based on the difference between this and the vehicle's price at the start of the agreement, plus finance charges
- There is no large initial outlay and you benefit from reduced monthly payments
- At the end of the lease period, you return the vehicle without the worry of disposal (subject to excess mileage or damage charges)
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Key Business Benefits |
Operating Lease |
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- VAT reclaimable (depending on usage)
- Off balance sheet finance
- Rentals allowable against taxable profits (proportionally)
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For more information and expert advice, telephone Pam Tait, Marlborough West London's Business Manager on 08448 152486
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Authorised and regulated by the Financial Services Authority for the purpose of insurance mediation activity. |
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