Fleet funding - Page 27

Read our in-depth analysis and insight on Fleet funding

Fleet Funding: Hire Purchase

Hire purchase is a simple method of buying a vehicle on deferred payment terms, where you have the option to become the owner of the vehicle at the end of the agreement.

Fleet funding 22 Feb

Fleet Funding: Contract purchase or personal contract purchase (PCP)

Contract purchase for a business aims to replicate the contract hire product, but uses a purchase based product.

Fleet funding 22 Feb

Fleet Funding: Mini Lease

A mini lease offers the same flexibility as rental, but over a slightly longer term, allowing a business to get the cars and vans it needs without long contracts.

Fleet funding 22 Feb

Fleet Funding: Employee Car Ownership (ECO) scheme

Many employers offer a ‘cash-for-car’ option to employees who would qualify for a company car.

Fleet funding 22 Feb

Fleet Funding: Sale and leaseback/Sale and rentback

Sale and leaseback, also called ‘purchase and leaseback’ or simply ‘leaseback’, is where a business sells its vehicles to a lessor and continues to use them under the terms of a lease.

Fleet funding 22 Feb

Fleet Funding: Lease purchase

Lease purchase is structured in the same way as contract purchase, with a lump sum or so-called balloon payment made at the end of the agreement based on the residual value.

Fleet funding 22 Feb

Fleet Funding: Tax changes and funding your fleet

The Government is using tax as a means of encouraging the use of ‘cleaner cars’ by aligning tax bands with a vehicle’s CO2 emissions.

Fleet funding 22 Feb

Fleet Funding: New accountancy rules proposed

Businesses will be affected by new accountancy rules for leasing if proposals in a discussion paper by the International Accountancy Standards Board (IASB) are adopted.

Fleet funding 22 Feb

Sale and leaseback/Sale and rentback

Sale and leaseback, also called ‘purchase and leaseback’ or simply ‘leaseback’, is where a business sells its vehicles to a lessor and continues to use them under the terms of a lease.

Fleet funding 22 Feb