Used Van Finance in Swindon
With the majority of vehicles on the road now being purchased through some form of finance package, the options on offer should be considered seriously by every van buyer.
Hire Purchase is a great way to finance your next purchase from Austen Trading, Below we will highlight the main benefits of Hire Purchase :-
- Low Initial Deposit
- Fixed Monthly Cost
- Flexible Repayment Period
- No Mileage Restrictions
- Equity Retained
- 100% Tax Relief on Interest Charges
- Write Down Allowance Offset Against Tax
- Shown as Asset on Company Balance Sheets
- All types of Credit History will be considered (Bankrupt’s, CCJ’s, Defaults, Retired, Poor Credit History)
Cash Flow - Hire Purchase allows you to make an initial outlay and pay the balance over a period, retaining your capital for other uses. The monthly payment is fixed allowing you to budget monthly expenditure precisely in advance.
Repayment Period – Choose the correct term that suits your needs.
Deposit – With a minimum of only VAT (subject to status), Hire Purchase couldn't be easier.
No Mileage Restrictions – Drive as much, or as little, as you want.
VAT Free Monthly Payments – As you pay the VAT up front there is no VAT on the repayments.
Tax Relief – You can claim 100% tax relief on all the interest charges.
Ownership – The vehicle becomes your property once the final payment has been received.
Company Asset – Because you vehicle becomes a Company Asset you will benefit from a write down allowance of 40% in the 1st year and then 25% (maximum Ł3000) of the residual value can be offset against tax each year.
Equity – You own the equity in your vehicle. Any value above the settlement figure is yours. Once you’ve made all repayments the vehicle is yours. The equity can be put back into your business or used against your next vehicle purchase.
Austen trading Ltd offer great finance packages to suit every pocket, finance can be arranged on site or by filling in the form below.
No Obligation Finance Application:
