DODGE HIRE PURCHASE

With balloon payment

Dodge Contract Purchase

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.
  • Dodge appears as an asset on the balance sheet.
  • Additional line of credit.