CHRYSLER HIRE PURCHASE
WITH BALLOON PAYMENT
You pay a deposit and you own the vehicle at the end of the agreement period. However, by opting to make a "balloon payment" at the end of the agreement your monthly payments are significantly reduced.
Main benefits:
- Reduced monthly payments by opting for a final balloon payment
- Flexible deposit
- Ownership of vehicle
- Repayments over a fixed period
- Fixed or variable interest rates
- Repayments in advance or arrears
Key Business benefits:
- Payments not subject to VAT.
- Interest may be allowable against taxable profits.
- Writing down allowances are claimable.
- Chrysler appears as an asset on the balance sheet.
- Additional line of credit.
