Choosing Your Vehicle Funding Method

Choosing Your Funding Method

Finance / Taxation Issues

Meeting Your Requirements	Contract Hire	Finance Lease	Contract Purchase	Lease Purchase	Personal Leasing	Outright Purchase
Acquiring monthly budgeting
Improved cash flow
Minimum capital expenditure
Fixed interest rate						N/A
Capital allowances available					N/A
Rental allowances against taxable income					N/A
Ownership of vehicle †			‡		‡
VAT chargeable on rentals
VAT recoverable on rentals	‡	‡
VAT recovered on purchase cost by Network and passed on to customer in lower rental
No depreciation risks
Vehicle Running Requirement
Meeting Your Requirements	Contract Hire	Finance Lease	Contract Purchase	Lease Purchase	Personal Leasing	Outright Purchase
No vehicle disposal problems
Reduced administration
On-going advice / support
Road fund license providing					**
Breakdown rescue cover
Replacement vehicle in case of breakdown
Fixed charge maintenance ‡
VAT chargeable on services
VAT recoverable on services					N/A

†	At the end of contract with financing products
‡	Optional
*	Only 50% of the VAT relating to the finance element is recoverable if private use. 100% if only business use. 100% of the service element VAT is recoverable if business use.
**	Road fund licence is provided for the first year only.

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YVF Celebrating 10 years’ first class service in the provision of vehicle finance

Network - A LeasePlan Brand

Yorkshire Vehicle Finance · 92 Baslow Road · Totley · Sheffield S17 4DQ · Tel: 0114 236 1818 · Fax: 0114 236 1919