VAT Qualifying

VAT Qualifying Vehicle

If for example a vehicle is purchased by a contract hire and leasing company or a daily rental company, for the sole purpose of renting it out to a customer, the vehicle is classified as a VAT qualifying vehicle. The purchaser of the vehicle claims the VAT back and when they sell it at the end of its life with them, it is value is plus VAT. This is common on three month old cars that are being re-marketed on contract hire. Please see the Re-marketing section of our web site, and see how cost effective this can be.