FINANCE METHODS

We offer the FULL range of car finance packages. With just a little information from you, we can quickly identify the right product for you and your circumstances, maximising tax allowances and keeping payments to a minimum.

Contract Hire

Especially suited to businesses who are V.A.T. registered and looking for the maximum tax allowances coupled with off-balance sheet funding.
The benefits of Contract Hire include:

Low initial rental costs
Flexible rental profiles
Improved cash flow
Accurate budgeting
No disposal risk
No depreciation risk

Rentals are based on Net of V.A.T. vehicle prices.

Finance Lease

Used for both cars and commercial vehicles by VAT registered business.The benefits of Finance Leasing include:

Low initial payment
Flexible payment periods
Maximum tax allowances

Can be offered with a balloon payment to reduce the monthly rentals or with no balloon to reduce depreciation risk.

Rentals are based on pre-VAT prices giving a reduced monthly cost.

Lease Purchase

Used mainly for the purchase of cars but is not as popular as it used to be. Still used by non V.A.T. registered businesses and sole traders who need to "own" the vehicle. Lease Purchase allows the purchaser to have a "balloon" payment at the end of the contract thus reducing the monthly payments.

As used car values have fallen this product is less attractive than it used to be. Lease Purchase benefits include:

Improved cash flow
Accurate budgeting
Capital write down allowances
On balance sheet funding and improved business asset value

In addition we can provide "balloon" payment refinancing.

Personal Contract Purchase

Personal Contract Purchase provides a more flexible way of owning a new car every two or three years. Based on an agreed annual mileage, the value of the vehicle at the end of the contract is set and guaranteed by the finance company. This reduces the monthly rental as you are only paying for the portion of the cars life that you are going to use.

At the end of the contract you have three options:

Trade the car in as part exchange against a new one
Pay the final Optional payment and own the car, or
Return the vehicle to the finance company (subject to the vehicles condition and mileage).

Personal Contract Hire

A relatively new product aimed mainly at the increasing number of people with a car allowance from their employer. A straight forward long term rental agreement where the customer bears no depreciation or disposal risk. Fixed terms and a wide range of annual mileages with the benefit of the buying power of the finance company and reduced rentals based on the portion of the cars life used by the hirer.

Hire Purchase

The most widely understood funding method. The total cost of the car plus interest is repaid over at fixed monthly cost over a fixed period. Deposits range from zero upwards and terms from 12 to 60 months.

To obtain a quote, please call 0845 344 1350.