American Car Finance… Finance for stretch limos and American cars.
DISCOUNT REF: LIMO BLOG
American Car Finance has several ways to help finance your vehicle. If require any help or advice please give us a call.
Hire Purchase/Lease Purchase
A simple repayment facility where you own the vehicle at the end. Repayments can be structured in a flexible way using initial payments and possibly a ‘balloon’ (final lump sum).
Key Features and Benefits:
- With ownership you have total control over the vehicle.
- If the vehicle is for business use, VAT on the cost of the asset is normally reclaimable.
- We can defer the VAT payment until month 3 of the agreement, by which time you have claimed it back. This is aimed at VAT registered businesses.
- Fixed or variable interest rate - you can choose.
- The vehicle appears on your balance sheet.
Finance Lease..
A popular flexible method of funding if the vehicle is for business use. A Finance Lease offers all the practical benefits of ownership without any of the potential burdens.
Key Features and Benefits:
- When the asset is sold you normally receive the lion’s share of the sale proceeds.
- The flexible repayment structure gives you immediate and full use of the asset for a minimal outlay.
- Fixed or variable interest rate - you make your own assessment and choose accordingly.
- Rentals can normally be offset against taxable profit. Vehicle treated as ‘on-balance sheet’.
- VAT is paid on the rentals not the purchase price.
- The funder, as the owner of the asset, claims writing down allowances, and these are reflected in the rentals you pay.
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[...] Limo Finance and American Car FinanceAmerican Car Finance… Finance for stretch limos and American cars. DISCOUNT REF: LIMO BLOG American Car Finance has several ways to help finance your vehicle. If require any help or advice please give us a call. … [...]