A great choice for VAT registered companies, who emphasise cost control (VAT is payable on rentals, but is partially reclaimable). One fixed rental payment each month will cover most motoring costs and risks, including road fund licence, depreciation, and, if required, service and maintenance. Rental periods typically vary between 18 and 60 months. There is no large initial payment to be made, as deposits are usually equivalent to 1 or 3 months rental. At the end of a contract the vehicle is returned to the lender at the agreed contract mileage, with no final or balloon payment to be made.

For companies with high value cars (typically over £25,000), who would like the option of purchasing their vehicles, but don’t want any depreciation risks. The customer acquires the vehicle by paying fixed monthly instalments, 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. Road fund licence is included, and breakdown cover, relief vehicle and maintenance are available as optional extras.

A great choice 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 the agreed lease period, plus an interest charge, or pay lower monthly rentals during the lease period with a final balloon payment, based on the anticipated resale value of the vehicle.

Hire purchase is a simple, straightforward way to spread the cost of buying a new car. It is fixed rate finance - with a fixed monthly payment. The deposit you pay is flexible - from as little as £99. The remaining balance, plus fixed interest, is repaid in equal instalments over an agreed period, usually 12-60 months, and after all payments have been made, the vehicle passes to the customer. The payments do not include breakdown cover, relief vehicle and maintenance.

Lease Purchase is similar to Hire Purchase, but with lower monthly payments since you defer repayment of some of the borrowing. However, at the end of the agreement, you can make a final lump sum payment (or ’balloon’) to own your car. Other options include refinance, part exchange or resale..

Personal leasing is ideal for individuals who want a hassle-free and cost-effective way to finance and maintain a vehicle, for a fixed monthly payment. Payments include road fund licence and, if required, service, maintenance and breakdown package. You have a choice of new or used vehicles, and rental periods typically vary between 24 and 48 months. There are two types of personal leases;

• Personal Contract Hire (PCH) has higher monthly payments but at the end of the contract, the vehicle is returned to the lender, at the agreed contract mileage, with no balloon payment.
• Personal Contract Purchase (PCP) has lower monthly payments but at the end of the contract, there is a guaranteed future value that you can pay to take ownership of the vehicle, or you can hand back the car without penalty.

If your company already has vehicles that have been purchased in the past, we can arrange to buy the vehicles off you to give a capital injection to the business. The vehicles would then be leased back to you at competitive rates.