CONTRACT HIRE

GREAT VALUE, HASSLE-FREE FINANCE FOR BUSINESS

This straightforward finance package is designed to give you peace of mind. With fixed monthly rentals and no disposal risk (subject to mileage and condition), it removes financial uncertainty and the administrative burden, so you can concentrate on running your business.

CONTRACT HIRE BENEFITS INCLUDE:
  • Fixed monthly rentals for ease of budgeting
  • Low monthly rentals – our purchasing power means volume savings are passed to our customers
  • Full maintenance package available
  • 50% VAT reclaimable on cars
  • 100% VAT reclaimable on LCV's
  • Low initial payment, helps cashflow
  • No depreciation risk
  • Vehicle disposed of on your behalf

HIRE PURCHASE

HIRE PURCHASE IS THE TRADITIONAL WAY TO FINANCE YOUR VEHICLE

Simply choose the deposit amount you wish to pay and the length of the repayment period.

HIRE PURCHASE BENEFITS INCLUDE:
  • Fixed monthly rentals for ease of budgeting
  • Monthly payments are not subject to VAT
  • No mileage restrictions
  • Taxation benefit from writing down allowance
  • LCV's acquired on Lease Purchase should be eligible for the Annual Investment Allowance
  • LCV's acquired on Lease Purchase are required to pay VAT upfront as a lump sum

LEASE PURCHASE

HIRE PURCHASE WITH ADDED FLEXIBILITY TO SUIT YOUR NEEDS

Lease Purchase offers all the benefits of Hire Purchase, but with the added flexibility of an optional deferred large sum (balloon) payment. This deferred lump sum can reduce your monthly payment, or reduce your contract length. Nissan Centre

LEASE PURCHASE BENEFITS INCLUDE:
  • Fixed monthly rentals for ease of budgeting
  • Monthly payments are not subject to VAT
  • No mileage restrictions
  • Option to include a deferred sum / final 'balloon' payment to keep monthly payments low
  • Taxation benefit from writing down allowance
  • LCV's acquired on Lease Purchase should be eligible for the Annual Investment Allowance
  • LCV's acquired on Lease Purchase are required to pay VAT upfront as a lump sum

FINANCE LEASE

FLEXIBLE AND VAT EFFICIENT

Finance Lease combines many of the benefits of Contract Hire and Lease Purchase. Because it is a hire product, VAT is paid on the rentals which can help cashflow. But unlike Contract Hire, Finance Lease offers end of contract flexibility for those customers who might like to retain the vehicle (a small annual fee applies). Once all the payments have been made, the hirer can sell the vehicle to a 3rd party and retain 100% of the sales proceeds (paid as a rebate of rentals).

BENEFITS MAY INCLUDE:
  • Fixed monthly rentals for ease of budgeting
  • Lump sum or number of rentals as advance payment
  • Option to extend agreement into a ‘secondary' period for a nominal annual fee (peppercorn rental)
  • Option to include a deferred sum/final ‘balloon' payment to keep monthly costs low
  • Same tax relief as Contract Hire
  • 50% VAT usually reclaimable on cars
  • 100% VAT usually reclaimable on LCVs

Need Finance? Call Angus

When you decide you either want or need a new or used van, at some point in your research process will be the question of finance. We offer a range of different finance options give Angus a call on 0333 241 6315 to discuss which one is best suited to your needs.