VAT Assist works like a traditional Hire Purchase (HP) agreement, but lets you get the vehicle now and pay the VAT later. How does it work? You buy the vehicle and submit the VAT return at the end of your VAT quarter and pay the equivalent on your third instalment.

When you have paid off the finance agreement, and settled the option to purchase fee, the vehicle becomes yours.

Good for you, if:

✔  you are VAT registered

✔  you want to free up cashflow for your business

✔  you want the option to pay a deposit but don’t have to

✔  you like fixed repayments and a fixed interest rate, which can be spread over 24 to 60 months to suit your budget

✔  you don’t want any mileage restrictions

✔  you want to own the vehicle at the end

✔  you don’t want to pay a lump sum at the end of the agreement.


  • Finance is subject to affordability checks and is only available to UK residents aged 18 and over.
  • If you don't keep up with your repayments, the vehicle may be repossessed. 
  • You don’t own the vehicle until you’ve fully repaid the finance and the option to purchase fee at the end.
  • There is no protection against depreciation in case of an unexpected fall in the value of the vehicle.

Got a question?

From settlement figues to making a payment, head to our FAQs to find the answers to our most commonly asked questions.

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