CONTRACT HIRE

A popular choice for VAT registered companies that want minimum outlay and maximum control of costs, especially when the maintenance and relief vehicle options are included. With this VAT beneficial financing package, one regular rental payment covers all risks including depreciation and disposal for an agreed period of time and mileage. Road fund licence is included and roadside rescue, maintenance and relief vehicle provisions are options that can be added and charged to the rental payment. 50% of the VAT on rental payments can be reclaimed and 100% of the VAT on maintenance payments. Hire rental tax allowances can also be applied.

CONTRACT PURCHASE

For companies who would like the option to purchase their vehicles, but don't want any depreciation risks. The customer acquires the vehicle by paying fixed monthly instalments and a final ballon payment. There is a mileage restriction as per contract hire and maintenance and other packages are usually available. You can hand the vehicle back at the end of the period or pay the balloon and keep the car.The vehicle is not yours until the final balloon payment is made. This balloon can be refinanced.

FINANCE LEASE

Ideal for VAT registered companies who want to handle the administration of their vehicles and have the asset shown on their balance sheet. A VAT beneficial finance option where the hirer can choose to pay the entire cost over the agreed period, or pay lower monthly rentals with a final balloon payment based on the anticipated resale value of the vehicle.The customer assumes the residual value risk. The VAT can be reclaimed in the same way as contrct hire and hire rental tax allowances apply. You never own the vehicle as the vehicle has to be sold to a third party at the end ot the period.

HIRE PURCHASE/LEASE PURCHASE

For companies that want eventual ownership of the vehicle. A funding agreement where the company acquires ownership once all the payments have been made. Part of the capital cost of the vehicle may be deferred into a balloon payment at the end of the agreement. As with finance lease the customer assumes the residual risk. Look for deals with a low APR. Hire purchase is available for private individuals.

PERSONAL CONTRACT HIRE / PERSONAL CONTRACT PURCHASE

For private individuals who wish to opt out of the company car scheme, therefore saving BIK tax. Both PCH and PCP ensures all the advantages of a company vehicle, no depreciation risk, road tax for duration of contract(PCH ONLY), the option of full maintenance without paying company car tax. No vat is reclaimable.

WE SUPPLY COMPANIES AND INDIVIDUALS WITH ALL MAKES OF CARS OR VANS WITH ALL THE DIFFERENT FUNDING METHODS. WE ALSO SOURCE NEW CARS FOR OUTRIGHT PURCHASE AT DISCOUNTED PRICES.