Vehicle Finance Options 
Finance Options  
 
Whether you require a car or light commercial, new or used we recognise that no two businesses are the same and each will have different vehicle leasing and management needs. So we offer a variety of solutions in order to give you complete flexibility, control and cost efficiency. Below is a summary of the funding options we offer.  
 
Considering Leasing For The First Time?  
 
Most sole traders and businesses know that the vast majority of companies fund their vehicles through leasing and contract hire schemes and recognise the fact that there must be benefits for these schemes to be so popular. However, they feel that perhaps these benefits are not applicable to them and sometimes find it difficult to ‘wind their way’ through a lot of finance industry jargon. This confuses the issue and makes people think that they are safer in staying with what they know.  
 
Contract Hire  
 
Contract Hire is a popular choice for VAT registered companies that want minimum outlay and maximum control of costs, especially when the maintenance and relief vehicle options are included.  
 
With this VAT beneficial financing package, one regular rental payment covers all risks including costs of depreciation and disposal for an agreed period of time and mileage. Road fund licence is included, but roadside rescue, maintenance and relief vehicle provision are options that can be added and charged to the rental payment  
 
Finance Lease  
 
Ideal for VAT registered companies who want to handle the administration of their vehicles, and have the asset shown on their balance sheet.  
 
A VAT beneficial finance option where the hirer can choose to pay the entire cost over an agreed lease period, plus an interest charge, or pay lower monthly rentals during the lease period with final payment based on the anticipated resale value of the vehicle.  
 
Contract Purchase  
 
For companies with high value cars who would like the option to purchase the vehicles, but don't want any depreciation risks.  
 
The customer acquires the vehicle by paying fixed monthly installments with the asset being shown on the company balance sheet, and can either retain ownership at the end of the contract or hand the vehicle back. Contract purchase has the added benefits of savings on maintenance and relief vehicles, and comes with full rescue breakdown cover and road fund licence.  
 
Lease Purchase  
 
For non-VAT registered companies that want eventual ownership of the vehicle.  
 
A funding agreement where the company acquires ownership when all the payments, including the option to purchase have been made. Part of the capital cost of the vehicle payment may be deferred into a "balloon" payment at the end of the agreement which equates to the anticipated value at the end of the agreed leasing period.  
 
Drivewise - Personal Leasing  
 
For private individuals who want a hassle-free and cost effective way to finance and maintain a vehicle.  
 
Consultation and assessment of your requirements may reveal that Drivewise personal leasing is the ideal vehicle financing solution for your business and personal needs. Drivewise allows you to enjoy significant tax advantages, a choice of new or used vehicles every two or three years for a fixed monthly charge that is easy to budget for, as well as an all-inclusive maintenance and breakdown package.  
 
Created by Spoton Corporation: website design from Devon