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Leasing Atkinsons

7th November 1969
Page 57
Page 57, 7th November 1969 — Leasing Atkinsons
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Which of the following most accurately describes the problem?

• The Yorkshire distributor of Atkinsons. Comberhill (Yorkshire) Garages Ltd., Wakefield, has started a vehicle-leasing scheme. The leasing period is five years and an initial down-payment of three months' charges has to be made in advance.

There is an option of replacing the hired vehicle by a new one after three years of the five-year term, the remaining two years' hire charge then being rather greater.

Hiring charges can be wholly offset against profits for taxation purposes, says Comberhill.

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Locations: Wakefield