Commercial Finance

There are 3 forms of commercial finance that we offer, including:

Contract hire

- An efficient way of paying for a vehicle without the costs of ownership.
- The liability is not shown on accounts as you are paying for a service package not for a vehicle.
- An all inclusive package including maintenance, servicing and road tax is available.
- At the end of the agreement, you just hand the vehicle back and replace it with a new one .
- VAT is charged on the rentals but is recoverable if customer is VAT registered.

HP

- You make monthly payments and own vehicle at end of agreement .
- The vehicle becomes a fixed asset, you can sell vehicle at any time provided the outstanding finance balance is paid.
- Payments are fixed for the duration of the agreement.
- VAT is payable on the purchase of the vehicle which can be reclaimed if VAT registered.

Lease

- The fixed monthly payments cover the use of the vehicle and are based on the full invoice price.
- Once the final payment has been made you can sell the vehicle to a third party and keep the income from the sale.
- Initial deposit as low as one months rental.
- Fixed monthly payments.
- You have three choices at the end : sell, return or carry on the lease for a nominal annual fee.
- VAT is charged on the rentals but is recoverable if you are a VAT registered business user. Sales proceeds will include VAT, which has to be accounted for.

Simply choose the option that best meets your needs.