Hire Purchase, Finance Lease, Contract Hire

Discussion in 'Chit Chat & Introductions' started by SPCleaning, Apr 5, 2015.

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  1. SPCleaning

    SPCleaning Guru
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    What do these terms mean when getting a new van?
     
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  2. peter rogers

    peter rogers Grand Master
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    i know a few people that finace lease vans as they 100 per cent deuctible from tax bill
     
  3. Bingo

    Bingo Grand Master
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    You get to keep your secret cash-stash intact and well-hidden from the Mrs.... :whistle: :rofl:.
     
  4. Eviestevie

    Eviestevie Grand Master
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    Hire purchase is finance and end of term you own the vehicle different to say a 3 year lease were you have the option to buy the vehicle at the end of term or give back!
    If a vehicle is used solely for business it's 100 percent tax deductable no matter the the terms of the van
    Some I no use the vehicle say 75 percent business 25 pleasure that's for you and accountant to discuss
     
  5. Neil

    Neil Grand Master
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    Bought my van out right can't be arsed with finance prefer to own and do whatever I want to it without the worry of finance company's having there say in things


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