finance options

Contract Hire

Offers businesses the use of new cars and vans for a fixed monthly rental. These are agreed at the start of the contract with predetermined mileage and term.
It can include maintenance if required and does provide road tax for the duration of the contract.
At the end of the contract the vehicle is returned and if required, a new vehicle delivered as part of a new contract.

Benefits include:
Fixed monthly payments
Low initial outlay
Off balance sheet funding
Tax and VAT advantages

Personal Contract Hire

This is similar to contract hire, but designed for the private user.
It offers fixed monthly rentals, agreed at the outset and can offer maintenance if required.
Road fund tax is included for the duration of the contract.
At the end of the contract the vehicle is returned and if required, a new vehicle delivered as part of a new contract.

Benefits include:
Fixed monthly payments
No benefit in kind taxation
Low initial outlay

Contract Purchase

Similar to Contract hire, but offers the option to purchase the vehicle at the end of the contract for a pre-determined figure.
It offers fixed monthly payments which are not subject to VAT.
Maintenance can be included if required.

Benefits include:
Fixed monthly payments
Low initial outlay
Option to purchase the vehicle at the end of contact

Personal Contract Purchase

This is Contract purchase which is designed for the private individual.
As with Contract Purchase it offers fixed monthly payments as part of a pre-determined term and mileage.
It also offers the option to purchase the vehicle at the end of the contract term and is not subject to benefit in kind taxation.

Benefits include :
Fixed monthly payments
Low initial outlay
Option to purchase the vehicle at the end of contact

Finance Lease

This method of funding is similar to contract hire, offering fixed monthly payments.
Maintenance is not offered and road fund tax is not provided, but there are no mileage limitations.
At the end of the contact the User is responsible for any outstanding residual value (where applicable).

Benefits include:
Fixed monthly payments
Low initial outlay
No mileage limitation.