Similar to HP, but the VAT is payable on the installments and the goods are not owned by the client at the end of the period. This product is often seen as a tax efficient way for businesses to acquire assets without using up their facilities.
- Up to 100% of purchase price ex.VAT.
- VAT payable on rentals.
- Ability of continued use of asset for nominal sum or sale of asset and retain some of the cash proceeds at the end of the primary period.