Toyota Business Hire Purchase (BHP) explained
Benefits of Business Hire Purchase (BHP)
- Flexible deposit and fixed monthly payments over an agreed time to suit you.
- Monthly payments are not based on annual mileage.
- Interest rate is fixed for the whole period of your tailor-made agreement.
- The vehicle is treated as an asset on a balance sheet meaning tax allowances can be deducted from taxable profit.
- Monthly payments are not subject to VAT, making it a beneficial solution for non VAT registered businesses.
- At the end of the agreement, you will own the vehicle.
For a quote or if you have any queries please contact your dealer. If you're unsure of your local dealer, you can find your dealer here.