Finance Options

There are many different lease options available to you. Finding out which one will suit your needs and circumstances can be a confusing business. But to help you understand what’s best, here are some guidelines, or alternatively contact us to get some advice.

Contract Hire
Involves one regular rental payment for an agreed period of time and mileage figure. Costs of depreciation and disposal are built into the package and Road Fund License is also included. This is a popular option for VAT-registered companies that want to control their costs and keep payments down. Vat registered companies can reclaim 50% vat on there payments and 100% vat on their maintenance package. Additional options of roadside rescue, maintenance and courtesy vehicles can be included and charged to the rental payment.

Personal Contract Hire
Private individuals can also enjoy the benefits of contract hiring a vehicle for a manageable, fixed monthly charge, and gain tax advantages in the process for those who have opted out your company car scheme, and could give you hassle free motoring without residual value risks associated with traditional ownership. This option gives customers the freedom to choose a new or used car every two or three years. This also includes full term road tax. An all-inclusive maintenance and breakdown option is also available.

Personal Contract Purchase
This option suits people who want to own the vehicle at the end of the contract but still want to control there budget. This usually involves a low deposit, fixed monthly payments and a guaranteed final balloon payment. You have the option to refinance the balloon payment if you wish. There is an excess mileage charge on contract if you go over agreed mileage on contract.

Contract Purchase
Companies effectively buy the vehicle through fixed monthly installments and have the option to retain ownership, or return the vehicle, at the end of the contract. Ideal for businesses with high-value cars, as it provides the option to buy without the risks of depreciation, and shows up the asset on the balance sheet.

Lease Purchase
Businesses take ownership of the vehicle when all payments, including the purchase option, have been made. The agreement can include a ‘balloon’ payment at the end for the anticipated market value when the lease period expires. Popular with non-VAT registered companies that prefer to own the vehicle at the end of the contract.

Finance Leasing
Gives companies the choice to pay the entire cost (with an interest charge) over the lease period, or a lower monthly rental figure with final payment option, based on the anticipated resale value. Useful for VAT registered businesses that prefer to administer their own vehicles and show the asset on their balance sheet.

Hire Purchase
Hire Purchase is the oldest way of financing a vehicle .Over an agreed period of time you the customer pays back the full price of the vehicle plus interest charges because you wish to own the vehicle.

Cash Purchase
We also can sell you a vehicle for cash and you will still get the same discounts as with any of our Leasing Deals.