Sinclair Finance & Leasing

Choosing Your Funding Method

Use the table below to help you decide which of the funding methods best suits your requirements. An 'x' in the box indicates that the statement applies to that particular funding method. If you need any help at any time, feel free to call us on 0845 124 6952.

	Contract Hire	Contract Purchase	Lease Purchase	Finance Lease	Personal Leasing	Outright Purchase
Accurate monthly budgeting	x	x	x	x	x
Improved cash flow	x	x	x	x	x
Minimum capital expenditure	x	x	x	x	x
Fixed interest rate	x	x	x	x	x	N/A
Capital allowances available	x	x	x	x	N/A
Rental allowable against taxable income	x	x	x	x	N/A
Ownership of vehicle*	x	x**	x	x	x**	x
VAT chargeable on rentals	x			x
VAT recoverable on monthly rentals	x#			x#
VAT recovered on purchase cost by Fin Co. & passed to customer in lower rental	x			x
No depreciation risk	x	x			x
No vehicle disposal problems	x	x			x
Reduced administration	x	x	x	x	x
Ongoing advice & support	x	x	x	x	x
Road fund licence provided	x	x			x
Breakdown rescue cover	x	x			x
Fixed charge maintenance	x	x			x
VAT chargeable on services	x	x			x	x
VAT recoverable on services	x	x				x

** Optional
# only 50% of the VAT relating to the finance element is recoverable if private use
100% of the service element VAT is recoverable in business use.

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