How Contract Purchase Works Video

A step-by-step video on how Contract Purchase works

Description

The company pays monthly payments and at the end of the purchase agreement (which can be between 2 and 4 years) you would have 3 options on what to do.

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About

  • Gives you the option to buy at the end
  • The purchase price is pre-agreed so can be easily budgeted
  • The car can be depreciated into the business accounts for further tax efficiencies
  • You have the option to part exchange the car to clear the finance and put towards your next car
  • Decision of what to do at the end of the agreement can be done up to a month before the end
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