| BUSINESS CONTRACTS
|
Ideal for VAT registered companies wanting minimum outlay and maximum cost control
As the most popular form of vehicle leasing, Contract Hire covers all risks including depreciation and disposal costs for a fixed monthly outlay, which can also include servicing and maintenance if required.
It is an excellent choice for many businesses as it offers improved cash flow and reduced administration, as well as being VAT and tax efficient. For fuller details on how Contract Hire can benefit your business, click here.
|
For Companies with high value cars who want the option to purchase the vehicles without the risk of depreciation
Contract Purchase benefits from many of the advantages of contract hire such as accurate monthly budgeting, minimum capital outlay, improved cashflow and no depreciation risks.
After the final monthly payment, you pay a lump sum or 'balloon' payment (usually the predicted residual value) in order to secure ownership. Alternatively the vehicle can be simply returned provided the neccessary option to do this was selected.
|
For non-VAT registered companies who want eventual ownership of the vehicle.
With Lease Purchase, by initially paying a deposit and opting to pay a larger amount at the end of the agreement, you monthly payments are noticeably reduced. The final balloon payment is usually the anticipated market value of the vehicle at the time the agreement ends.
Interest is allowable against taxable profits, writing down allowances are claimable, and the vehicle appears as an asset on the balance sheet.
|
Ideal for VAT registered companies who want to handle the administration of their vehicles and have the asset appear on their balance sheet.
Finance Lease offers you the choice of either paying the entire cost of the vehicle including interest over the agreed hire period, or paying lower monthly payments and a final balloon payment based on the anticipated resale value of the vehicle.
At the end of the vehicle agreement it can be extended for a 'secondary lease period' or sold and a proportion of the sale proceeds retained.
|
For companies wishing to release capital and reduce time-consuming fleet management.
Sale and Leaseback enables you to retain the use of your current fleet of owned vehicles, yet generate capital from their sale. Your vehicles are purchased for an agreed price and immediately leased back to you using either contract hire or finance lease.
The process is seamless with no more worries about depreciation, maintenance or managing your fleet. Furthermore, your fleet is removed from your balance sheet, and accounting is simplified with one monthly invoice covering the cost of the vehicles together with maintenance if requested.
|
|
