Lease Purchase

This option will be of particular interest to companies not registered for VAT and who want eventual ownership of the vehicle(s). It is effectively Hire Purchase with a leasing payment pattern.

How Does It Work?

Using our access to large fleet purchasing discounts, we source the vehicle(s) of your choice and deliver free of charge. You will previously have agreed a contract term, annual mileage, monthly rental and a mutually acceptable option-to-purchase price, which, at the end of the contract, gives you ownership of the vehicle (this is often referred to as a ‘balloon’ payment). Alternatively you can ask us to sell the vehicle, with the sale proceeds being offset against the option-to-purchase price. If it exceeds that price, you receive the surplus cash benefit.

What Else Can Be Included?

• Routine servicing, mechanical repairs, batteries, exhausts and tyres
• Replacement vehicle in the event of an accident or breakdown
• Full membership of a motoring emergency programme, including Home Start, Road Side Assistance, Relay, Relay Plus and European Cover
• Individual or fleet insurance cover

The Benefits

• Minimal initial expenditure (typically 3 months in advance)
• Fixed monthly payments for accurate budgeting
• VAT on monthly payments not applicable
• Option to purchase at end of contract
• Flexibility of structuring the option-to-purchase price or residual value
• Vehicle shows as an asset on your balance sheet

Disadvantages

• Vehicle depreciation is your responsibility
• Limited tax benefits

Amt are a proud member of the British vehicle rental and leasing association (BVRLA)
Only rent or lease your vehicles from a BVRLA member for your quality & assurance