Contract Hire:

A popular choice for VAT registered companies that want minimum outlay and maximum control of costs. With this VAT beneficial financing package, one regular monthly  rental payment eliminates your depreciation costs and disposal. The cost of each individual contract is based on the make and model of the car, the anticpated annual mileage, the length of the contract (usually 2,3 or 4 years). 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. Mileage covered in excess of the contract agreement is also chargeable.

Lease Purchase/Finance Lease

Ideal for VAT registered companies who want to handle the administration of their vehicles, and have the asset off balance sheet.  A VAT beneficial finance option where the hirer can choose to pay the entire cost over the agreed lease period, plus an interest change, or pay lower monthly rentals during the lease period with a final payment based on the anticipated resale value of the vehicle.

Contract Purchase:

private customers or companies with high value vehicles who would like the option to purchase them , but don't want any depreciation risk. The customer acquires the vehicle by paying a deposit (usually equivalent to 3 monthly payments)  followed by  monthly instalments. The monthly repayments can be reduced by a final payment figure which is based on the anticpated resale value of the vehicle. The monthly repayments are based on the anticipated mileage, the length of contract (usually 2/3 or 4 years). Roadside rescue, maintenance and vehicle relief are chargeable and can be added to the repayments.  The asset is shown on the company balance sheet and ownership can be retained at the end of the contract (by paying the final payment if applicable) or by simply handing the vehicle back to the Finance Company.

Purchase and Leaseback:

For companies wishing to retain the use of their vehicles, but generate capital from their sale. This method a VAT beneficial funding method. If a company currently owns its vehicles, we can arrange the purchase of the vehicles, for an agreed price, and lease them back using either Contract Hire or Finance Lease.

Personal Contract Hire (PCH)

For private individuals (eg. employees who opt out of company car scheme) who want a "hassle-free" and cost effective way to finance and maintain a vehicle. Consultation and assessment of your requirement may reveal that the Personal Contract Hire product is the ideal vehicle financing solution for your business and personal needs.  This method allows you to take a car lump sum car allowance on top of your salary and enjoy the benefits of mileage allowances etc. The car can therefore be changed every 2/3 or 4 years.

BEWARE !! Receiving a company car allowance needs to be considered carefully. Please consider that you are entering into a contract for which you are responsible (Not your employers)

Your car allowance will be taxed. Will the nett amount you receive after deductions be sufficient to fund the repayments / insurance / road fund licence/fuel and maintenance ?

What happens if you lose your job ? You won't be receiving the car allowance, but you will be liable for the repayments

What happens if you are ill and not receiving your salary ? You are still liable for the monthly repayments

What happens in the event of an accident ? Who supplies a spare car ?

What extra insurance costs might you be liable for if you use the car in connection with your employer's business ?

DON'T BE SEDUCED BY ACCEPTING A COMPANY CAR ALLOWANCE UNLESS  THE ABOVE POINTS HAVE BEEN ANSWERED BY YOUR EMPLOYER