Business Contract Purchase is similar to Contract Hire in that it allows you to use a vehicle for a set period of time and with an agreed mileage. It gives many of the same advantages such as no depreciation risk and the option to include servicing and replacement tires.
The key difference is that Contract Purchase gives you the option to buy the vehicle at the end of the contract at an agreed price. If you don’t want to take the option, simply hand the vehicle back. It’s great for businesses that would like to keep their options open.
Things to consider
No vehicle depreciation risks
Improve cash flow with fixed payments and low deposits
Choose contract terms and mileage to suit your needs
Flexible options at the end of the contract
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