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HP |
HP, hire purchase is still the most popular method for outright purchase.
- Minimum deposit of the VAT
- Payments of up to 60 months
- The payments do not have VAT on top as you have
already paid this.
- VAT reclaimable
- 100% of interest can be offset against
within profits tax.
- Own the vehicle automatically at the end,
nothing to do or say.
- Writable down expenditure
50% yr 1 and 25% for any further payment years
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