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
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
†
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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