Car Leasing and Contract Hire Finance options
for Business, Company, Private and Personal users
See below information on the various car leasing finance options. As you can see there are a number of ways in which we can arrange finance for your car leasing contract. We understand that purchasing a car is a big investment so you can rest assured that we will advise and recommend the most suitable package for you during the car leasing quotation process.
Contract Hire
This form of funding allows you to run your vehicles for a fixed monthly cost. By using Contract Hire the cost of your vehicle is removed from the companies balance sheet, thus freeing up capital.
Features & Benefits:
- Release of Capital
- Low Initial Outlay
- Off Balance Sheet
- Management of Fleet
- Risk Free
- VAT Efficient Purchasing
- Flexable Rental Patern
- Rentals Allowable Against Tax
- Fixed Budgeting
- No Disposal Issues
- No Depreciation Risk
- Maintenance Option
Personal Contract Hire
This is ideal for private individuals who are opting out of a company car. It is basically a funding method where the customer pays an initialdeposit (usually 3x monthly payments) and then pays a monthly rental based on the mileage to be covered per annum. At the end of the term the customer returns the vehicle and takes out a new agreement. By the funder using the benefit of the vehicles future value the payments are made a lot more affordable than traditional hire purchase. This can also be complimented by a maintenance option, thus giving fixed cost motoring.
Features & Benefits:
- Low initial outlay (sometimes as low as one payment in advance)
- Fixed cost motoring
- No depreciation worries
- Choice of repayment periods (2-4 years)
- No disposal worries
- No final payment
- Road Fund Licence included for the full term of finance
- Maintenance Option
Personal Contract Purchase
Again this funding method uses the benefit of the vehicles future value to give you a lower monthly payment. You pay an initial deposit (usually 3x monthly payment) and then pay a monthly payment over the term of the agreement you then have a balloon payment at the end of the contract (based on annual mileage) that you have the option of paying off and owning the vehicle or you can just simply hand the vehicle back to the funder (subject to the vehicle being within the mileage perameters agreed).
Features & Benefits:
- Low initial outlay
- Flexable deposit terms
- Fixed repayments
- Choice of repayment period
- Optional final payment
Early Termination Insurance
Please call for details.
