Super-Mini

Small

Medium Family

Large Family

Estate

MPV

Coupe

Convertable

Sports

Pick Up

4x4

Van

Contract Purchase

Contract Purchase From Elite Fleet allows you to have the use of a vehicle for a fixed period of time, with a predetermined mileage, at a fixed monthly cost, without having the hassle involved in running and maintaining the vehicle. A range of services can be included within the monthly instalment.

Driver support, Breakdown Facilities, Maintenance, Administration, Option to Repurchase and Management information The Advantages of Contract Purchase vary according to each client's needs and existing arrangements.

Key Benefits include:

• On-balance sheet (similar to Hire Purchase)

• Alternative Credit Line/ Cash Flow benefit

• Capital allowances available

• Finance element is VAT free

• Tax relief available on interest and maintenance

• Guaranteed resale value

• End of contract options:
  Vehicle Purchase
  Vehicle Return

• Eliminates vehicle Disposal problems when the option of buyback is taken up

• Manufacturer discounts are available

Contract Purchase can be summarised as a tax efficient method for companies who are either VAT exempt or who are generating taxable profits and require the benefits of capital allowances to minimise their tax charge. At the end of the contract there is an option to repurchase the vehicle for an agreed price set at the start of the contract, based upon an agreed mileage and period of contract. Management time is kept to an absolute minimum since all the trouble-shooting; wrangling over discounts and warranty issues is done by us, leaving you to look after your business.