Finance Methods

Pick one of the categories below for some basic information on each of the finance methods available and see which one best meets your needs. It can sometimes be difficult to decide so why not pick up the phone and dial 0844 880 2472 for some expert advice.

Business Contract Hire
Personal Contract Hire
Personal Contract Purchase
Finance Lease

Business Contract Hire

The most popular choice for VAT – registered and non 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 costs of depreciation and disposal, for an agreed period of time and mileage. Road Fund License is included, but roadside rescue, maintenance and relief vehicle provision are options that can be added and changed to the monthly rental.

• Up to 100% tax deductible depending on cost of vehicle
• Low initial outlay
• Flexible contracts
• No residual risk
• No disposal issues
• Optional relief vehicle whilst yours is off the road
• Capital not tied up in a depreciating asset
• Off-balance sheet borrowing/accounting
• Fixed cost and optional maintenance
• VAT on rentals reclaimable
• Road fund license included for the full contract length

Personal Contract Hire

Personal Contract Hire delivers all the benefits of a company car to the private individual. Personal Contract hire gives the user a fixed monthly rental for a fixed contract term. At the end of the contract term you hand the car back to the finance company, no need to sell the vehicle privately or worry about its value.

• Low initial outlay
• Flexible deposit
• Choice of rental period
• No final payment
• Fixed monthly rentals
• Optional maintenance contract
• No disposal problems
• Optional relief vehicle
• Road fund license included for the full contract length
• No residual risk

Personal Contract Purchase

For private individuals who want a hassle free and cost effective way to finance and maintain a vehicle. Consultation and assessment of your requirements may reveal that personal leasing is the ideal financing solution for your business and personal needs. The finance company allows you to enjoy significant tax advantages and a choice of a new or nearly new vehicle every two or three years in return for a fixed monthly charge that is easy to budget for, as well as an all-inclusive (optional) maintenance and breakdown package.

• Road fund license included for the first Year
• Optional ownership
• Optional relief vehicle
• Optional final payment
• Low initial outlay
• Flexible deposits
• Fixed monthly payments
• Optional maintenance contract

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 option where the hirer can choose to pay the entire cost over the agreed lease period, plus an interest charge, or pay lower monthly rentals during the lease period with a final payment based on the anticipated resale value of the vehicle.

• Ownership at the end of the contract
• Fixed monthly costs
• Flexible contracts
• Low initial outlay
• Business capital not tied up in a depreciating asset
• VAT on rentals reclaimable
• Road fund license included for the full contract length