The monthly payments are not subject to VAT, however if you do take out the optional service package then you will have to pay VAT on the service costs.
CP is ideal for any business that would like options at the end of its finance agreement. CP customers make an initial payment when they first take out the contract, then pay fixed monthly payments and finally have an Optional Final Payment (OFP) at the end at the end of the contract which is also referred to as the GFV (Guaranteed Future Value).
You can trade-in your vehicle at a dealership and take another vehicle from them. If the trade-in value is larger than the OFP you will be able to use the difference towards a deposit on a new Vehicle. Or, you can simply return the vehicle to the funder, as long as you have not exceeded the mileage and the vehicle is in an appropriate condition for its age there will be no charge. Finally, you can keep the vehicle either by paying the OFP in full or you will find that most companies offer the opportunity to re-finance the OFP.
* All images are for illustration purposes only, errors and omissions are excluded and the deal could end without notice. Smart Leasing Solutions is an appointed representative of AutomotiveCompliance who is authorised and regulated by the Financial Conduct Authority FCA No497010and are a credit broker and not a lender. Vehicle sourcing fee applies.
0161 791 0101
Smart Leasing Solutions Limited
13 Stockport Road,
Smart Leasing Solutions Limited is an Appointed Representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd's permissions as a Principal Firm allows Smart Leasing Solutions Limited to act as a credit broker, not as a lender, for the introduction to a limited number of finance providers only.
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Registered Office : 13 Stockport Road, Romiley, Stockport, SK6 4BN
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