Business owner or self-employed?
Because of the fact that for income tax purposes, finance lease is classed as a hire agreement, this means that when you lease a van or a pick up from Cape VW Van Lease you get 100% tax relief on your payments to offset against your taxable profits.
And theres more !
When you lease a vehicle through Cape we get a significantly higher discount from the manufacturers than we get if you use any other form of finance or if you want to pay cash.
So How Does It Work?
You simply have to agree a monthly payment and contract period which can include an acceptable final balloon payment which will have the effect of keeping your payments to a minimum. We will then supply the vehicle of your choice through one of our nominated manufacturers dealerships dependent on where you are situated. Payments are made monthly by Direct Debit throughout the contract term. Finance Lease is extremely flexible and you can terminate the agreement at any time. (Early settlement charges can apply but these are dictated by the government).
Finance Lease
also gives you lots of options at the end the of contract.
Option
1
The most common option chosen by our customers is to
part exchange the vehicle, and take delivery of a new
one as you retain 98% of the part exchange value. This
allows you to use any surplus monies as your deposit
on the new vehicle
Option
2
You can sell the vehicle to a third party, and use the
sale proceeds as a deposit against your new vehicle or
to make the final balloon payment if appropriate, or
simply just keep the sale proceeds.
Option
3
Alternatively you can keep the vehicle for as long as
you want as long as you pay an annual minimal sum called
a peppercorn rental to the leasing company. Even this
payment is 100% allowable against taxable profit.
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