Dear Paul

There are many ways to arrange leasing. I have ended up with vans at the end 
of a lease and also equipment. I did say you should shop around and 
negotiate. On one occasion I didn't want to buy a Ford van but got their 
contract and proposal which was the cheapest and best and walked into Renault 
and asked them to better it. I then went to my bank and asked them if they 
could improve on that. After about two hours effort I had saved �480 per 
annum over four years. Did you think of negotiating the one month final fee 
from PhotoLease? Or their rate? Did you get comparisons?

Hire purchase alows you to claim back all the VAT at the outset. With leasing 
you can only do it one month at a time. 

Yours

Bob Croxford

 


In a message dated 1/7/03 10:05:54 AM, pt44  writes:

<< If you can afford it and are VAT registered use hire purchase instead.

Bob Croxford

Bob, please explain this. It makes no sense, why is it cheaper or better to
use hire purchase? Are you talking about leasing in a car sense or in a
camera/computer sense.

As I understand it (I've never leased a car, but have leased plenty of
cameras and computers), the two types of lease are very different. When I
lease equipment through PhotoLease (a London based outfit) they always give
me the equipment at the end of the lease for a simple one month extra fee.
This works perfectly for my needs. If leasing a car, then usually the lease
company will take the car back at the end of the lease, therefore hire
purchase would be slightly more preferable, depending on the extra cost
involved.

Paul >>

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