Personal Contract Purchase (PCP)
At the end of your PCP agreement you have the option to purchase the car by paying the residual value, part-exchange for another vehicle, sell the car privately and settle the residual, or return the car (subject to mileage and condition).
100% of lease rentals can be offset against Corporation Tax. At the end of the term you can hand the vehicle back or sell the vehicle and retain 95-99% of the sale price.
Up to 100% of VAT can be reclaimed on payments and the car is returned at the end of the contract. The assets remain off balance sheet and rentals can be offset against Corporation Tax.