This is our most common form of finance package – this is where a minimum of 20% deposit is placed (the VAT) and the remainder of the value is spread over the finance term. Each monthly payment is fixed from the start, and at the end of the agreement you own the vehicle outright. This funding option which can be taken up to 10 years.
A balloon option of up to 60% is also available. Balloons are based on the future residual value of the horsebox, it adds flexibilty to the deal whereby you can upgrade your vehicle sooner than you were previously able to.
Business users can also claim 100% of interest offset again taxable profits and claim down yearly write-down allowances against the vehicle. As well as claiming back the VAT deposit.