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FCA Firm Registration No.754992
Finance Lease gives you the ability to pay a low initial rental as VAT is charged on the initial payment, monthly rentals and final balloon payment, not on the initial cost of the van. This removes the need to pay the VAT element on the full cost of the van in one lump sum. The hire is for a fixed period usually 24-60 months, there is a final balloon payment and at the end of the contract the van must be sold to a third party.