If you need information about our deals, getting approved for credit, or having bad credit, you can give us a call on 01565 880 880 and we can advise you on the best steps.
This is a simple Operating Lease that includes full maintenance, servicing and road fund license. It provides a complete fixed cost motoring package, leaving you free to concentrate on running your business and living your life.
With a low initial outlay, normally expressed as monthly rentals in advance, followed by fixed monthly payments, you know exactly what your monthly motoring costs will be. Contract hire may also be classified as off-balance sheets which may improve the financial ratios in your accounts.
As it is an Operating Lease your finance rentals can be offset against taxable profits. If you are VAT registered, you can reclaim 50% of the VAT on the financial element of the rentals if the vehicle is used privately, or 100% if it used exclusively for business or is a commercial vehicle. Personal contract hire agreements do not get any tax reliefs.
Who owns the vehicle at the end of the agreement?
At the end of the arrangement, you may arrange a brand new vehicle to replace your current vehicle, handing the old one back to us.
This is an Operating Lease without maintenance or servicing. It is a simple and straightforward facility that can offer some businesses an efficient package that lets you retain control of your own vehicle servicing and maintenance
A car leasing deal offers a reduced monthly cost when compared to finance from a dealer. A vehicle on an Operating Lease can be classed as â€œoff balance sheets for accounting purposes, therefore offering advantages to your business by improving its financial ratios.
As it is an Operating Lease your finance rentals can be offset against taxable profits. If you are VAT registered you can reclaim 50% of the VAT on the finance element of the rentals if the vehicle is used privately, or 100% if it used exclusively for business or is a commercial vehicle. Personal contract hire agreements do not get any tax reliefs.
After you have paid your regular fixed monthly rentals for the fixed period, at the end of the agreement you simply hand the vehicle back.
This option is similar to Lease Purchase but with even greater flexibility. It is designed to give all the operational benefits of Contract Hire including maintenance, road fund license and relief vehicle, without the VAT implications of a lease. It therefore appeals to proffessions and businesses that are not VAT registered, and individuals who wish to opt out of their company car scheme.
The initial deposit is normally expressed as monthly payments in advance and is followed by fixed monthly payments; you know exactly what your motoring costs will be.
The tax and financial benefits are the same as Lease Purchase or Hire Purchase.
The final balloon payment is a guaranteed future value. You have the option of either taking ownership, disposing of the vehicle yourself (if you wish to take advantage of a profit opportunity) or simply returning the vehicle to financial company