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Porsche - Lease Purchase

Lease Purchase

This is an enhanced form of Hire Purchase. The advantages include a low deposit and reduced monthly payments. This is possible because a balloon payment, which is a percentage of the anticipated value of the car, is deferred until the end of the agreement.

The interest rate is fixed at the start of the agreement and does not vary, irrespective of how interest rates may change over the period.

A Checklist of the Main Benefits:

  • If you choose an agreement structured with a balloon payment your monthly payments will be reduced as a large percentage of the balance owed on the car is deferred until the end of your agreement, with obvious cashflow advantages.
  • Your initial capital outlay is reduced allowing your funds to be retained in the business.
  • The interest may be allowable against tax.
  • You could fund your car as an asset on your balance sheet.
  • You may be able to claim writing down allowances.
  • The finance element of your agreement is not subject to VAT.

For further information please contact your Porsche Centre .

Porsche - Lease Purchase