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Hire Purchase
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You pay a deposit. (The actual amount is negotiable). All remaining costs including payments are repaid by your monthly payments.
You can also choose from fixed or variable interest rates.
- Ownership of vehicle
- Flexible deposit
- Repayments over a fixed period
- Fixed or variable interest rates
- Payments not subject to VAT
- Interest may be allowable against taxable profits
- Writing down allowances are claimable
- Vehicle appears as an asset on your balance sheet
- An additional line of credit
- Repayments in advance or arrears
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