Funding Options

Contract Hire

Contract Hire will benefit businesses seeking to remove assets from the balance sheet, eliminate financial risk associated with vehicle disposal and enjoy the convenience of a full maintenance service at a fixed monthly cost.

Contract Hire also allows your business to reclaim 100% VAT on the servicing element of the rental and 50% of the VAT on the finance rental cost.

Road Fund Licence is also included in the rental.

Finance Lease

Finance Lease provides the option of simply funding the vehicle. At the end of the contract the vehicle must be sold to an unconnected third party. The risk for the value of the vehicle remains with the customer. At the end of the contract there is a balloon payment, which can be adapted to minimise risk. Finance Lease provides no mileage restrictions or maintenance options.

Personal Contract Hire

Personal Contract Hire offers the same ‘Risk Free’ benefits as Business Contract Hire to individuals and those drivers who have opted out of a Company Car Scheme.

Personal Contract Purchase (PCP)

Offers the most flexibility of personal agreements by offering an option to complete the purchase of the vehicle or return the car at the end of the contract.

PCP is a conditional sale agreement which gives you the option to purchase the vehicle or simply hand it back at the end of the contract period. You can select maintenance to be included in your contract although the client remains responsible the Road Fund Licence renewals.