Dear Paul Having leased in the past I can offer a small insight. It is the best thing if cash flow is short and you have reached the end of the overdraft. Make sure to read ALL of the small print because I found that some of the things mentioned in the big print were not in the contract. Finance companies will add clauses if you negotiate them. Shop around because not all finance companies calculate with the same adding machine. The gift of the goods at the end of the contract is sometimes complex, usually a 5-10% charge is made plus VAT. It is possible to end one lease and start another at the same time while part exchanging the vehicle or equipment. Look closely at the deal if you do to make sure you gain full benefit of the VAT claim.
If you can afford it and are VAT registered use hire purchase instead. Bob Croxford In a message dated 1/6/03 9:34:45 PM, psav writes: << I've never leased anything (looking long and hard at the sums, which tend to make sense...but I'm old fashioned!), but my old man leased some cash registers once for his business; at the end of the lease the lease company gave it to him......dunno what the tax position was on this?? paul sav >> =============================================================== GO TO http://www.prodig.org for ~ GUIDELINES ~ un/SUBSCRIBING ~ ITEMS for SALE
