Finance
VAN Hire Purchase
(simple van finance)
- The deposit is the equivalent of 3 months rental in advance, plus the VAT for the van
- Repayment period from 36 up to 60 months
- Monthly repayments are VAT free
- VAT deposit reclaimable (VAT registered customers)
- 100% of interest charges can be offset against taxable profits
- Vehicle is an asset on your balance sheet and benefits from writing down allowances
- End of the contact period the vehicle is 100% owned by you upon payment of the option fee (circa £50 - £80)
All our vehicles are UK MAIN DEALER supplied (not imports) and as such have the benefit of the full warranty, service and back up from the manufacturer. The only difference between ordering through us and a main dealer is the price!
If you would like any further information or you would like to proceed with an order you can contact us direct on 01633212944
VAN Finance Leasing
- The deposit is the equivalent of 1 – 3 months rental in advance, plus the VAT on the deposit
- Repayment period of between 24 and 60 months
- VAT is paid monthly, then claimed back quarterly (if VAT registered)
- Rentals are 100% allowable against taxable profits
- Facility can have a balloon profile, which defers a large payment to the end of the contract - thus reducing monthly rental and aiding cashflow - please discuss this with us, total interest paid is higher.
- Vehicle sold or part-exchanged at end of contract with the hirer keeping 95% of the sales proceeds (ex. VAT) . A great benefit with this form of van lease
- Best for non-VAT registered business users looking for low initial deposit and maximum flexibility
- No mileage restrictions apply for this type of van lease, another huge benefit
VAN Contract Hire
- The deposit is the equivalent of 1 – 3 months rental in advance, plus the VAT for the deposit
- Van Contract Hire is essentially the same as Van Finance Leasing but with the added bonus of a maintenance package, and without the hassle of having to sell the vehicle at the end of the contract
- Deposits are anything from 3 rentals upwards
- Total budgetary control - fixed costs, as long as you stay within the mileage
- Monthly repayments are subject to VAT - VAT recoverable
- Rentals are 100% allowable against taxable profits
- Fixed maintenance package to include services, repairs, tyres, dependant on contract type optional on van contract hire)
- At the end of the contract, simply hand the vehicle back
- The vehicle is subjected to an inspection, where any reconditioning costs are charged to the customer - Ideal for VAT registered larger fleet operators. This can be an issue to some clients using this form of van leasing
- The contract is mileage sensitive
- There will be early termination costs if the contract does not go to the full term