This type of agreement can work particularly well for businesses which need to regularly update their fleets, without carrying the risk of the vehicles depreciating significantly in value.
The option of owning the vehicle at the end of the business contract purchase with a fixed balloon payment could be an attractive option depending on your needs. There is, however, the option of re-financing a new vehicle at the end of the contract with some asset finance companies. The flexibility of a contract purchase agreement can work considerably in your favour.
Are you considering contract purchase cars for your business? Or do you require funding for other business assets? Maxxia can help you iron out the details – contact us today for more information.