Finance

This facility provides the customer with the benefits of ownership with minimum deposit and maximum flexibility. Deposits are usually the equivalent of three rentals but can be any amount whatsoever.

• Repayment period of up to 60 months.
• VAT is paid on the payments, then claimed back quarterly (if VAT registered)
• Rentals are 100% allowable against taxable profits
• Facility can have a balloon profile, which defers a large payment to the end of the contract - thus reducing monthly rental and aiding cashflow
• Vehicle sold or part-exchanged at end of contract hirer benefits from 95% of sales proceeds (ex. VAT)
• Ideal for non-VAT registered business users looking for low initial deposit and maximum flexibility
• NO MILEAGE RESTRICTIONS!!

We are finding that many more customers are opting for Finance Lease rather than contract hire for a number of reasons but the main one is that Finance Lease allows the customer - and not the finance company - to profit from the sale of the vehicle at the end of the contract. To increase the customer’s potential equity at the end of the contract, we aim to set sensible final payments on our finance lease offers although these can be adjusted according to our customers’ wishes.

Comprehensive, fixed cost solution where use of your commercial vehicle is important, but without the responsibilities of ownership. Essentially an operating lease with an optional full maintenance package. Mileage sensitive - be careful!

• Deposits are anything from 1 rental upwards
• Total budgetary control - fixed costs, as long as you stay within the mileage
• Monthly repayments are subject to VAT - VAT recoverable
• Rentals are 100% allowable against taxable profits
• Fixed maintenance package can be added to include services, repairs, tyres and all fair wear and tear, dependant on contract type
• At the end of the contract, simply hand the vehicle back

The vehicle is subjected to an inspection, where any reconditioning costs are charged to the customer - Ideal for VAT registered larger fleet operators.

One of the obvious benefits of contract hire is that you know the overall finance cost of your vehicle from the outset. If you include a maintenance package then all your finance and running costs are set from the beginning, For companies running fleets of ten or more vehicles this low risk method can greatly reduce the hassles in managing your fleet.

The oldest and most traditional form of finance and is still popular today.

• Low Deposit - Vat Only
• Flexible Repayment period - up to 60 months
• Fixed Monthly Repayment aids budgetary control and cashflow
• Monthly repayments are vat free
• VAT deposit reclaimable (VAT registered customers)
• 100% of interest charges can be offset against taxable profits
• Vehicle is an asset on your balance sheet and benefits from writing down allowances:
• Year 1 - 100% write down allowance up to £100,000 of commercial assets.
• Ownership of vehicle will pass when the agreement is completed
• Ideal for those who require ownership of the vehicle
• If ownership is a priority then this is a cost-effective route to purchasing your vehicle.