Business Finance
Hire Purchase
Straightforward, tried and tested, Hire Purchase has some tax advantages for businesses. If owning your vehicle is a priority, it is a cost-effective route. Your company pays an initial deposit – which, for commercial vehicles, includes a VAT element that can normally be reclaimed, if your business is VAT registered – and then fixed equal monthly repayments. It’s a method that allows you to budget precisely in advance.
You can claim up to 100% tax relief on the interest charged, and as the vehicle is classified as an asset, you can write it down against taxable profits. At the end of your Hire Purchase agreement, you are the owner of the vehicle.
BUSINESS FINANCE
Glyn Hopkin
288-298 High RoadRomford
Essex
RM6 6EE
Phone: 08444 708296
Fax: 01708 740 547
OPENING TIMES
Sales
| Mon | 08.30-18.00 |
|---|---|
| Tue | 08.30-18.00 |
| Wed | 08.30-18.00 |
| Thu | 08.30-18.00 |
| Fri | 08.30-18.00 |
| Sat | 08.30-18.00 |
| Sun | 10.00-17.00 |
Service
| Mon | 08.00-18.00 |
|---|---|
| Tue | 08.00-18.00 |
| Wed | 08.00-18.00 |
| Thu | 08.00-18.00 |
| Fri | 08.00-18.00 |
| Sat | 09.00-13.00 |
| Sun | Closed |
Parts
| Mon | 08.30-17.30 |
|---|---|
| Tue | 08.30-17.30 |
| Wed | 08.30-17.30 |
| Thu | 08.30-17.30 |
| Fri | 08.30-17.30 |
| Sat | 08.30-17.30 |
| Sun | Closed |