SEAT Hire Purchase
The most straightforward method of purchase. Ideal for a customer who desires outright ownership of their car and probably changes their car at intervals of greater than 48 months.
How does it work?
- Choose the car (new or used) you like.
- Choose the most suitable repayment period between 12 and 60 months.
- You agree on a deposit and monthly repayment to suit your budget.
- At the end of the agreement as long as all the payments have been made the car is yours to keep.
What are the benefits?
- At the end of the agreement your business owns the car.
- By spending less cash up front this helps the business cash flow or use the money to invest elsewhere.
- Fixed monthly payments makes budgeting easier.
- The interest you pay if tax deductible.
- Because the car is an asset on your balance sheet you can write down a proportion of its value against your business profits.