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 the 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 charged to the rental payment.
Finance lease
Ideal for VAT registered companies who want to hand the administration
of their vehicles and have the assets shown on their balance sheets.
A VAT beneficial finance option where the hirer can choose to pay the
entire cost over the agreed lease period or pay lower monthly rentals
during the lease period with a final payment based on the anticipated
resale value of the vehicle.
Contract purchase
For companies with high value cars that would like the option to purchase
the vehicles but don't want any depreciation risks.
The customer acquires the vehicle by paying fixed monthly instalments
with the asset being shown on the company balance sheet and can either
retain ownership at the end of contract or hand the vehicle back.
Contract purchase has the added benefits of savings on maintenance
and relief vehicles and comes with road fund license.
Lease purchase
For non VAT registered companies that want eventual ownership of the
vehicle.
A funding agreement where the company acquires ownership when all the
payments, including the option to purchase, have been made. Part of
the capital cost of the vehicle payment may be deferred into a "balloon"
payment at the end of the agreement, which equates to the anticipated
value of the vehicle at the end of the agreed leasing period.
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 vehicle financing solution for your business and
personal needs. This product allows you to enjoy significant tax advantages,
a choice of a new or used vehicle every two to three years for a fixed
monthly charge that is easy to budget for, as well as an optional all
inclusive maintenance and breakdown package.
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