Available
on every make and model of car and Light Commercial vehicle
Contract
Hire
The Ultimate vehicle
leasing arrangement - offering a total peace of mind package.
Contract hire takes away all the time consuming and costly responsibilities
of acquiring, disposing and maintaining the company fleet. This
ensures the user has predictable outgoings and cash flow thus
avoiding the risks inherent in vehicle ownership. At the end
of the contracted period the vehicle is returned to the leasing
company leaving you free to move into a new contract at minimum
cost.
Agreements may include
various options such as maintenance (routine servicing, tyres,
batteries, exhausts, oils, lubricants etc), Road Fund Licence
for the full period, Breakdown and Recovery Service and a Replacement
car if your vehicle is off the road. In most circumstances mileages
can be amended on each anniversary of the agreement, therefore
keeping the contract as flexible as possible.
Finance Lease
With Finance Lease
you can never become the owner of the vehicle, however this enables
you to claim useful tax allowances as a business expense. You
can also control the eventual sale of the vehicle with up to
98% of the sale proceeds being returned to you. Finance lease
can be taken with or without a balloon payment at the end of
the contract. It is possible to keep the vehicle for a secondary
period at the end of the agreement - this is called a peppercorn
rental.
HP
and Lease Purchase
Purchase
is possibly the easiest understood and straightforward way to
fund vehicle leasing. Each monthly payment consists of a proportion
of capital cost plus interest and any other costs resulting in
the ultimate ownership at the end of the contract.
Lease
Purchase combines the ultimate ownership benefits of HP with
favourable cash flow advantages. With this method you have the
option to defer a balance until the end of the contract - this
is called a balloon payment. Taking the option of a balloon results
in the monthly payment being reduced. In some cases at the end
of the contract it may be possible to refinance the balloon payment
over a further period. |