This gives you full use of a truck, but where we retain legal ownership for the duration of the lease. You make fixed payments making budgeting easier and putting less pressure on your cash flow.
The benefits:
- Improved cash flow with fixed payments for the main period
- Get a share of the profits if the truck is sold on
- Option of extending your lease for a nominal fee
- Payments allowable against taxable profits
- Truck shown as a asset on balance sheet
At the end of the agreement, if you decide not to extend then you are responsible as our agent for the sale of the truck to an agreed third party.
When you do this you'll receive a substantial share of the net sale proceeds, provided you've met the terms and conditions of your agreement.
For more information on finance lease visit Volvo Financial Services