This has a lot in common with a Business Contract Hire, but provides some tax perks – and more flexibility – to corporate fleets. Sole traders and limited companies are both eligible for FL. You can either pay the whole price of the vehicle (as well as interest) over time; or pay less until the deadline hits, when the entire cost has to be met at resale value. Either way, we’ll help you ascertain the best road forward.
What does an FL give you?
The ability to claim tax back on rentals
Certainty over affordability
A fixed interest rate on repayments
50% reclaimable VAT for monthly payments with a private mileage limit
Full reclamation of VAT for total commercial use
The option to increase the number of vehicles in your fleet
Road Fund Licence for the duration of the contract
The inside track
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