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Lease Purchase |
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Business Finance and Leasing products include the Lease Purchase also known as Commercial Hire Purchase:
The interest component of loan repayments and vehicle depreciation may be claimed as business tax deductions.
Upon final payment (which may include a balloon payment) ownership of the asset reverts to the hirer.
As with the Finance Lease, the asset appears on the lessee’s balance sheet less depreciation. |
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Disclaimer
LeaseChoice does not provide tax and accounting advice. Product descriptions are for information purposes only. Please seek independent advice to ensure you have the best finance solution for your business. |
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