Finance Options - Vehicle Funding Options Explained

Here is a brief explanation of some of our funding options, please call us if you wish to discuss or have and questions you need answering. car lease deals

Contract Hire

You hire the vehicle for an agreed period of time and pay a fixed rental based on the mileage you will do over the contract period. You pay the predicted depreciation on the vehicle plus interest. All payments are plus VAT of which 50% is recoverable on the rentals and 100% on the maintenance element if your company is VAT registered. Up to 100% of the monthly rental can be offset against profits.

BENEFITS:
Low Deposit
Low Monthly payments.
Fixed monthly costs
Maintenance can be included
Off Balance sheet


Finance Lease

Ideal for VAT registered companies who want to handle their vehicle administration.

BENEFITS:
The asset shows on the balance sheet.
VAT beneficial option.


Pay the entire cost, plus interest, over the agreed lease period, or pay lower monthly rentals during the lease period with a final payment based on the anticipated resale value of the vehicle.

Contract Purchase

For companies with high value cars who want a purchase option, but has no depreciation risks.

BENEFITS:
Acquire the vehicle by paying fixed monthly instalments.
Retain ownership at the contract end or hand the vehicle back.
Show the asset on the balance sheet.
Enjoy savings on maintenance and relief vehicles.
Road Fund Licence included


Hire Purchase (HP)

You finance the vehicle over an agreed period of time and at the end of the finance period you own the vehicle.

BENEFITS:
No Mileage Restrictions
Allows you to own the vehicle
Finance term and deposit is flexible.


Lease Purchase

You agree to purchase the vehicle over an agreed period of time, and defer an amount of the purchase price by a way of a balloon payment. Personal Car Leasing This provides you with a lower monthly payment than with a Hire Purchase contract. All figures include VAT.

BENEFITS:
Low Deposit
No Mileage Restrictions.
Allows you to own the vehicle.


Personal Contract Purchase (PCP)

You will lease or purchase the vehicle for an agreed period of time, you pay a fixed monthly payment based on your agreed mileage for the contact period. At the end of the contract period you can pay the agreed final payment or simply hand the car back and walk away. All figures quoted are inclusive of VAT.

BENEFITS:
Allows you to put a low deposit down and your monthly payments will be lower than Hire Purchase because you are not funding the whole amount.
Most flexible funding package
You don’t have to decide whether you want to own the vehicle until the end of the contract period.
Allows a private individual to have all servicing costs included into the monthly payment.


Personal Contract Hire (PCH)

You will hire a vehicle for an agreed period of time and this contract can be tailored to suit an individual’s personal requirements. It offers you peace of mind as you will pay regular fixed monthly payments which can include all maintenance costs for the vehicle for the duration of the contract. The only requirement you will need to do is organize your fully comprehensive insurance and pay for fuel. At end of the contract you simply hand the car back.

BENEFITS:
Low Deposit
Fixed Monthly Payments
Maintenance costs can be included
Walk away at the end of the agreement


Outright Purchase

You have no finance agreement but simply own the vehicle from the start. The benefit for you as a customer is that you can still qualify for the huge discounts we can get through our buying power with the manufacturers.