Companies can lease vehicles without making a capital outlay that impacts their balance sheets. This means that they can channel financial resources into their core business. The vehicle is hired to the customer for a fixed period without the option of ownership. At the end of the period, the customer may choose to continue to rent the asset for a further period at a nominal rental, or to act as an agent in the disposal of the asset. The vehicle is shown as an asset in the customer's accounts balance sheet but Capital and Writing Down allowances are not allowed. However, the customer is further able to offset the full amount of rentals, as they are paid, against future tax liability.

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