The monthly payments are not subject to VAT, however if you do take out the optional service package then you will have to pay VAT on the service costs.
PCP is ideal for any individual who would like options at the end of their finance agreement. PCP customers make an initial payment when they first take out the contract, then pay fixed monthly payments and finally have an Optional Final Payment (OFP) at the end at the end of the contract which is also referred to as the GFV (Guaranteed Future Value).
You can trade in or sell your vehicle at a dealership and take another vehicle from them. If the trade in value is larger than the OFP you will be able to use the difference towards a deposit on a new vehicle. Or, you can simply return the vehicle to the funder, as long as you have not exceeded the mileage and the vehicle is in an appropriate condition for its age there will be no charge. Finally, you can keep the vehicle either by paying the OFP in full or you will find that most companies offer the opportunity to re-finance the OFP.
* We offer the best UK Leasing Deals and contract hire for Audi Leasing, BMW Leasing, Ford leasing, Honda Leasing, Jaguar Leasing, Land Rover Leasing, Mercedes Benz leasing, Volkswagen Leasing In Shropshire, Car Leasing in Staffordshire car leasing in Cheshire car leasing in Oxfordshire car leasing in Hampshire car leasing in Surrey car leasing in Essex car leasing in Yorkshire car leasing in Nottinghamshire.
T: 0333 577 5708
Ashbourne Leasing are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 839353
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Registered Office : Ashbourne House, Prospect Road, Market Drayton, United Kingdom, TF9 3AP
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