Contract Purchase is more commonly known as Hire Purchase and these agreements allow the customer to acquire the vehicle by paying fixed monthly instalments with the asset being shown on the company balance sheet whilst retaining ownership at the end of the agreement.
Lease Purchase gives you the option of a smaller deposit and to have a residual value payment (sometimes known as a balloon payment) offset until the end of the agreement allowing you to have reduced monthly payments, without mileage restrictions.
Contract Purchase allows you to vary the level of deposit. The value of the vehicle, the yearly mileage and the length of time you wish to run the contract for then determine the monthly payment. You can also include service, maintenance and breakdown cover. Contract Purchase is best suited to companies with high value cars who enjoy the option to purchase the vehicles, but do not want any of the depreciation risks that are associated with an outright purchase.
Barnett's terms are amongst the most competitive available and we supply vehicles to businesses of all sizes. Small businesses can take advantage of the terms we negotiated on behalf of larger fleets, on a huge range of cars and vans. These very special terms make the car you always promised yourself an affordable prospect! Friendly advice from our experienced business sales team will ensure that we find the right car or van for your business needs. With a full range of demonstration vehicles available you will be able to try out cars and vans from some of the worlds leading manufacturers, long before you have to make that buying decision. The Barnett's business sales team are happy to arrange a meeting in your office or workplace. Our 24 hour free quotation service is just a click away!
Variable Purchase Options
- Hire Purchase / Lease Purchase / Contract Purchase
- Good for companies that are VAT exempt
- Deposit payment flexibility
- Vehicle qualifies for Writing Down Allowance