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Contract Purchase
A combination of Lease Purchase and Contract Hire. Your Contract can be with or without maintenance and you have a guaranteed future residual price set at day one. This option has been designed specifically for customers who are unable to register for VAT or who are partially VAT exempt.
Marcol acquires the vehicle of your choice, having agreed on the contractual terms, i.e. annual mileage, with or without service option, guaranteed optional purchase price at the end of the contract and the agreed monthly rental. On termination of the contract you can choose either to return the vehicle or to purchase it at the pre-agreed option to purchase price.
The Key Benefits
- Any vehicle, car or commercial sold in the UK
- Free delivery of your vehicle
- Fixed monthly rental for accurate planning ahead
- Reduced administration from purchasing, taxing and maintenance
- Low initial outlay
- Vehicle shows as a balance sheet asset
- Provides an additional credit line
- Reduced risk
- No disposal problem unless you decide to purchase the vehicle at the end of the contract
- Our purchasing power in the market place is passed directly to you
- VAT payable on the maintenance element only
Funding a vehicle is a complex task and usually requires knowledge of accounting practices and tax legislation.
Marcol have been providing vehicle solutions for over 20 years and still retain many of the original customers. All personnel are fully trained in the field of vehicle finance and are able to offer advice on the best finance packages for your company. For more information about Contract Purchase, or any of our other services, please contact us.
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