The hire purchase of a truck goes like this
If you have a business that also needs at least one truck, this is usually a tricky item as it can be quite expensive to buy. Here, for example, a hire purchase would have to be considered.
It may well be that for economic reasons it is necessary to procure a truck. Of course, the necessary capital is not always available, or you want to wait for further developments and postpone the decision to buy. But since you still need such a vehicle, you are of course looking for another suitable solution. It would then be worth considering to make the decision easier by renting a truck.
Renting a truck - the advantages
- Rent-to-buy gives you the advantage, for example, that you do not have to use all of the capital you have available and therefore have more freedom of action.
- You pay fixed rates in advance. These can of course be quite high, but still remain manageable so that you can plan other things better.
- Another point not to be despised is that in contrast to the leasing beneficial ownership passes to you immediately upon conclusion of the contract.
- You can use this immediately in your fixed assets and you can deduct the interest to be paid from the rental agreement from your tax.
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The hire purchase as financing
- Rent-to-purchase financing is very popular with both vehicle companies and users.
- On the one hand, the vehicle is financed with high but constant rates that do not change during the entire term.
- On the other hand, this ensures that the running time is not lost for so long and that the vehicle is kept in perfect condition through regular inspections during this time.
