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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 this 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 licence is included, roadside rescue, maintenance and relief vehicle provision are options that can be added and charged to the rental payment.
Contract Purchase:

For companies with high value cars who would like the option to purchase the vehicle at the end of the contract without 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 the contract or hand the vehicle back. The option of maintenance, a relief vehicle and road side assistance can be included at an additional cost. Road Fund Licence is included for the contract period.
Finance Lease:

Ideal for VAT-registered companies who want to handle the administration of their vehicles, and have the asset shown on their balance sheet A VAT-beneficial finance option where the hirer can choose to pay the entire cost over the agreed lease period, plus an interest charge, or pay lower monthly rentals during the lease period with a final payment based on the anticipated resale value of the vehicle.
Lease Purchase:

For non-VAT-registered companies that want eventual ownership of the vehicle. A funding agreement where the company acquiries ownership when all payments, including the option to purchase have been made. Part of the capital cost of the vehicle payment may be deferred into a "ballon" payment at the end of the agreement which equates to the anticipated market value of the vehicle at the end of the agreed period.
Personal Contract Purchase or Personal Contract Hire:

For private individuals who want a hassle-free and cost-effective way to finance and maintain a vehicle."; An assessment of your requirements may reveal that a personal contract purchase or personal contract hire facility is the ideal vehicle financing solution to your motoring needs."; In return for fixed monthly charge that is easy to budget for as well as an optional all inclusive maintenance and breakdown package, "; this hassle free option is ideal for those customers wishing to change their cars every 2 to 3 years.
Sale & Leaseback:

For companies wishing to retain the use of their vehicles, yet
generate capital from their sale, whilst transferring to a
VAT-beneficial funding method.

If a company currently owns its vehicles, this option means the leasing company will purchase the vehicles for an agreed price and lease them back using either contract hire or finance lease, according to the customer preference.
Short Term Flexible Facilities:

Covering periods of 1 to 6 months and therefore with no long term commitment our short term car hire facility is an ideal solution for covering your vehicle requirements in circumstances such as - ";

  • Temporary or Short Term Contract Staffing arrangements
  • New Staff on trial periods
  • Seasonal Business Requirements
  • Accident Replacements
  • And Many more circumstances
  • Click for more information.
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Choosing Your Funding Method
 
Contract Hire
Contract Puchase
Hire/Lease Purchase
Finance Lease
Personal Contracts
Outright Purchase
VAT recoverable on monthly rentals
   
   
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Finance/Taxation Issues
Accurate monthly budgeting
Improved cash flow
Minimum capital expenditure
Fixed interest rate
N/A
Capital allowances available
N/A
Rental allowable against taxable income
N/A
Ownership of vehicles
*
*
VAT chargeable on rental
VAT recovered on purchase cost by Leasing Company and passed on to customer in lower rental
No depreciation risk
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Vehicle Running Requirements
No Vehicle Disposal Problems
Reduced administration
On-going advice/support
Road fund licence provided
**
Breakdown Rescue Cover available (optional)
Replacement vehicle in case of breakdown available (optional)
Fixed charge maintenance (optional)
VAT chargeable on services
VAT recoverable on services
N/A
   
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* At the end of the contract (optional)
** For the first year only on some contracts
+ If there is any private use of the vehicle only 50% of the VAT relating to the finance element is recoverable. VAT is 100% recoverable if the vehicle is only used for business use. If optional maintenance is taken up 100% of the VAT charged on mainatenance element is recoverable. For commercial vehicles 100% of the VAT on the total rental is reclaimable.
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