Business Contract Purchase (C.P) utilizes the future value of a vehicle to reduce monthly costs. This value is guaranteed based upon an agreed predetermined annual mileage and allows an option to either purchase the vehicle for this price or simply return it to the contract Funder with no extra cost (subject to mileage and/ or condition). Service and maintenance facilities can also be included where required with car contract purchase agreements. The main difference between business contract purchase and contract hire is that you have the options to retian the vehcile at the end of the agreement.

Benefits of car contract purchase:

• Initial payment requirements are generally low
• Pre-determined costs and fixed term smooth out cash flow
• Payments can include maintenance and vehicle servicing
• No purchasing or disposal hassles
• No risk of depreciation
• Accurate budgeting with minimal administration