Business Hire Purchase

Are you a non VAT registered company?

If the answer is yes, then our Business Hire Purchase option is for you.

Business Hire Purchase allows you to drive the vehicle of your choice while spreading the payments over an agreed length of time making it easier to budget. Once you reach the end of the agreement you will have ownership of the vehicle. 

What are the benefits of a Business Hire Purchase agreement?

• Flexible deposit and fixed monthly payments over an agreed time to suit you.
• Monthly payments are not based on annual mileage.
• Interest rate is fixed for the whole period of your tailor-made agreement.
• The vehicle is treated as an asset on a balance sheet meaning tax allowance can be deducted from taxable profit.
• Monthly payments are not subject to VAT, making it a beneficial solution for non VAT registered businesses.
• At the end of the agreement, you will own the vehicle. 

For more information on our finance options or to request a personalised quote, please contact your local SLM Toyota dealership today, or find out more below about alternative finance options.