Finance Lease

Finance lease: your multiple benefits

Finance leases enable you to lease Iveco vehicles without making a capital outlay that impacts upon your balance sheet, allowing you to dedicate your financial resources to your core business. It means that vehicles are hired to you for a fixed period without the option of ownership, and at the end of the agreed contract you may choose to continue to rent the asset for a further period at a nominal rate or to act as an agent in its disposal. This means you have the option to sell the vehicle on our behalf and keep the majority of the proceeds. Furthermore, for finance leases of five years or less, as Iveco Capital remains the owner of the asset, we claim the writing down allowance and the benefit is passed to you in your rental payments. Your cash flow is eased still further because you pay VAT on the monthly repayments, not on the principal purchase cost. You can also tailor the repayments to suit your company's needs using either fixed or variable interest rate funding. In addition, you calim tax relief on the rental based on the finance charge and depreciation charge through your profit and loss account.

Key Features and Benefits at a glance:

Low initial capital outlay
Flexible and tax efficient vehicle funding
Improved cash flow
Option to extend the contract term
At the end of the lease agreement you can either retain the asset for a nominal annual payment or sell it and retain most of the sales proceeds
VAT payable on the rentals and not the purchase cost of the asset
Rentals allowable against the taxable profit

To find out more about how Iveco Capital Hire Purchase can benefit you and your business, please contact your local dealer or call the Iveco Capital team on 01923 259777

Uk

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