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Business Contract Purchase Guide

Everything you need to know about Contract Purchase for your business in one handy guide

Contract Purchase Guide

Description

With a Contract Purchase, a business will pay monthly installments throughout the contract with a view to either sell, buy or give back the vehicle at the end. Generally speaking, these agreements last from 2 to 4 years.

For more information about your options with a Contract Purchase, download our full guide.

About

  • Flexibility over what you want to do with the car at the end of the contract
  • You can offset the financial interest charges against corporation tax
  • The vehicle can be depreciated into the business accounts for further tax efficiencies
  • The vehicle counts as an asset to the business
  • Decision on what you want to do with the car can be left until the end of the agreement
  • Download the guide to find out more
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