Finance the vehicles in your fleet over an agreed amount of time with a Financial Lease or Instalment Sale option. You receive ownership of the vehicle at the end of the contract when the final instalment is paid.
Financial Lease and Instalment Sale financing options mainly differ in the way that deductions can be made against income tax:
- Claim the sum of the actual repayments made during the financial year with a Financial Lease
- Instalment Sale allows you to claim a wear-and-tear allowance plus finance charges. The wear-and-tear allowance is generally 20% per annum for 5 years.