How it works
Easy, tailored and comprehensive – these are the principles we stick to. Your Car Choice can secure finance for your fleet, but we manage the whole thing too ...
Business Contract Purchase (BCP)
BCP or Business Contract Purchase is a very similar package to Contract Hire, except you’re working towards owning the vehicle at the end of the agreed period. Your Car Choice can find a lender who will help you make small, incremental moves to fleet ownership. Additionally, we’ll throw in certain
fleet services for no extra cost, unlike many of our competitors.
What does a BCP give you?
No depreciation risks
Certainty over affordability
A fixed interest rate on repayments
Interest and service costs that count against your taxable profit
The ability to deduct 18% (or 8% for CO2 above 130g/km) of the value from your profits before tax
For a small monthly fee, you can explore full
maintenance services Inland Revenue treats it as a purchase
The option to increase the number of vehicles in your fleet
Road Fund Licence for the duration of the contract
Things to Remember
You’ll have to decide whether to keep, sell or return the vehicle when the timeframe expires
If you decide to keep the vehicle, you will have to make a ‘balloon’ payment
You must have vehicle insurance
The inside track
Check out our most recent posts for news, views and responses to the latest industry happenings.
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Young businesses come across many obstacles in their initial stages. One such barrier for startups is just how to finance a vehicle – something that may be essential to...
Rather than paying for a vehicle upfront, leasing can seem like a simple solution to ensure your business doesn’t go into negative cash flow. But, sometimes, you may find...
We Supply all makes and models of car and van nationwide
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VAT Registration Number 142 4280 39.
Yourcarchoice.com is a trading name of Yorkshire Fleet Management Limited. Registered in England - Company Number 8201359. Registered office: Medina House, No 2 Station Avenue, Bridlington, YO16 4LZ.
Yorkshire Fleet Management Limited is authorised and regulated by the Financial Conduct Authority. Yorkshire Fleet Management Limited is a credit broker not a lender.
Wold House Stables, Widger Mews, Langton Road, Norton, Malton, North Yorkshire, YO17 9QG
Tel: 01653 604301 | Fax: 01653 604301 | Email: firstname.lastname@example.org
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