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Contract Hire

This is the most popular form of financing providing a fixed cost solution where you do not want the responsibilities of ownership. The contract can also include maintenance.

- Available for business and private users
- The deposit can be the equivalent of 1 months rental in advance or up to 50% of vehicle cost.
- Repayment period of between 24 and 60 months
- Fixed cost motoring as long as you stay within the mileage
- Monthly repayments are subject to VAT - VAT recoverable for VAT registered businesses on LCV’s only
- Rentals are 100% allowable against taxable profits
- Fixed maintenance package to include services, repairs, tyres, dependant on contract type
- At the end of the contract, simply hand the vehicle back

Contract Hire terms for business users only, rates may vary for personal contract hire.

Finance Lease

Finance Lease provides you with the benefits of ownership with minimum deposit and maximum flexibility

- The deposit can be the equivalent of 1 months rental in advance or up to 50% of vehicle cost.
- Repayment period of between 24 and 60 months
- VAT is paid on every rental, then claimed back quarterly (if VAT registered)
- Rentals are 100% allowable against taxable profits
- Facility can defer a large payment to the end of the contract - thus reducing monthly rental and aiding cashflow
- Vehicle sold or part-exchanged at end of contract with the hirer keeping 95% - 98% of the sales proceeds (ex. VAT)
- Best for non-VAT registered business users looking for low initial deposit and maximum flexibility
- No mileage restrictions apply