Finance Options
VAN FINANCE LEASE
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 monthly, 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)
No mileage clauses
Ideal for non-VAT registered business users looking for low initial deposit and maximum flexibility
VAN CONTRACT HIRE
Comprehensive, fixed cost solution where use of your commercial vehicle is important, but without the responsibilities of ownership. Essentially an operating lease with full maintenance package. Mileage sensitive - be careful!
Deposits are anything from 3 rentals 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 to include services, repairs, tyres, dependant on contract type
At the end of the contract, simply hand the vehicle back
At the end of the contract period the vehicle is subject to an inspection, where any reconditioning costs are charged to the customer
ideal for VAT registered larger fleet operators
Are you confused by Finance offers? Don’t worry - just call us for a free 10 minute Finance Consultation and we’ll discuss the pro’s and cons of all types of Finance, to make sure you get the best one.
