What is Contract Purchase?
- Contract Purchase is an flexible and affordable leasing solution for businesses to stretch their fleet budgets further.
- You will pay a fixed monthly sum with optional maintenance cover and at the end of your agreement, you will have the option to buy the vehicle.
Key features:
- Fixed regular payments mean you can easily budget
- Payments are based on a proportion of the vehicle’s value which gives you the benefit of lower monthly payments
- A Guaranteed Future Value avoids the risk of unplanned depreciation of your vehicle
- You defer your ownership decision until the end of the agreement
- The vehicle is an asset on the balance sheet, therefore tax allowances may be deducted from taxable profits
How does it work?
- Speak to one of our fleet experts to agree a deposit equivalent to the rental fee for one month or more and select your vehicle.
- A monthly rental charge will be applied for each Contract Purchase vehicle
- At the end of your agreement, you will have the option to return the vehicle or buy it from Athlon.
Contract Purchase provides you with all of the benefits of Contract Hire but with the additional advantages of vehicle ownership.
At the end of your agreement choose from three options:
Option 1:
Purchase your vehicle and own it outright
Option 2:
Hand back your vehicle with nothing more to pay, however it must be in line with the BVRLA Vehicle Return Standards, as vehicle condition and excess mileage (other charges may be payable)
Option 3:
Part-exchange your vehicle, by completing the purchase of your vehicle then part-exchanging it for a new vehicle
How can Athlon help you?
To speak to a member of the Athlon team about your funding options, get in touch via our online form.
Athlon Contract Hire
Our contract hire product is available with or without maintenance, allowing you to decide what is right for your business. Whatever you need. Athlon can find a leasing solution that works for you.
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