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Business Hire Purchase

Toyota Business Hire Purchase (BHP) explained

Business Hire Purchase (BHP) is the option for non VAT registered companies. It allows you to drive the vehicle of your choice while spreading the payments over an agreed length of time to make budgeting easy. At the end of the agreement you will have ownership of the vehicle.

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.