Comparison	Contract Hire	Finance Lease	Contract Purchase	PCP	Lease Purchase	Hire Purchase	Personal Lease	Outright Purchase
Accurate Monthly Budgeting	Yes	No	Yes	Yes	No	No	Yes	No
How many payments upfront?	0-6	0-6	0-6	0-6	0-6	10%-20%	0-6	No
Is VAT chargeable on Payments?	Yes	Yes	No	No	No	No	Yes	No
Is VAT reclaimable on payments	50%	50%	n/a	n/a	n/a	n/a	No	n/a
Are interest rates fixed?	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Are payments offset against Corporation Tax?	Partially	Partially	Capital Allowances	No	Capital Allowances	Capital Allowances	No	Capital Allowances
Does the customer own the vehicle at the end of the agreement?	No	No	Optional	Optional	Yes	Yes	No	Yes
Who carries the residual value risk?	Finance Co.	Lessee	Finance Co.	Finance Co.	Lessee	n/a	Finance Co.	n/a
Is there a depreciation risk?	No	Yes	No	No	Yes	n/a	No	n/a
Can a maintenance contract be included?	Yes	Yes	Yes	Yes	Yes	Not Normally	Yes	No
Is Road Fund Licence provided?	Yes	First Year	Yes	First Year	First Year	First Year	Yes	n/a
Is there a Balloon / Final Payment	No	Yes	Optional	Optional	Yes	No	No	n/a