Citroen Lease Faq
| Leasing/Contract Hire | |
|---|---|
| Who owns the vehicle? | Citroen Contract Motoring |
| Who carries the Residual Value Risk? | Citroen Contract Motoring |
| Is the vehicle on or off the Balance Sheet? | Off |
| Typically, how much cash is required up front? | 3 months rental in advance | Who arranges delivery and collection of the vehicle? | CITROEN |
| Does the Customer own the vehicle at the end of the contract? | No |
| Can the monthly payments be offset in full against Corporation Tax? | Yes - 100% of the monthly rental may be offset against Corporation Tax. For vehicles costing over £12,000 a proportion is disallowed. 100% of mainteance payments may be fully offset |
| Assuming some private or home-to-office use of the vehicle, is there any benefit following the August 1st VAT changes? | Yes - substantial benefits. Reduced whole life costs of contract hire by £600 - £1000 dependent upon vehicle and contract chosen |
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