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Complete Commercials
Call Stuart on
Tel: 0800
376 7000
Fax: 023 80 512438
Out of Hours
07933 371 540
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How you pay for your van is
often as important as the van itself. We offer a
service to meet the needs of all sizes of business
requiring commercial vehicles. Whether you run just
one vehicle or a whole fleet, we can help you choose
the correct type of finance, and then tailor the
options to suit your needs.
Our extensive range of finance
products covers traditional Hire Purchase, Lease
Purchase, Contract Hire and Finance Lease. We also
have other optional products and services available,
such as GAP Insurance and Payment Protection to
cover unexpected events or costs of running a
commercial vehicle.
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Lease Purchase is effectively
Hire Purchase with a single larger final payment at
the end. This lump sum/balloon payment reduces the
monthly repayment during the lifetime of the
agreement.
- Enhanced cash flow
- Eventual ownership of the
vehicle
- The same tax advantages as
HP, but repayments can be structured to suit
your business
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With Contract Hire, in return
for a fixed pre-determined monthly rental payment,
the finance company supplies the vehicle and takes
full responsibility for its depreciation, funding
costs and administration. When a maintenance
contract is included the finance company provide all
servicing and repairs. It also typically covers the
road fund licence and, where specified, replacement
vehicles as well. The rental calculation is based on
the term and mileage, and also the cost of
maintenance when it is included in the contract.
Assuming the hirer is VAT registered, 100% of the
VAT on rentals can be reclaimed and the agreement
stays on the balance sheet.
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Finance Leasing can be one of
the most cost effective options, if you need full
use of a van for minimum outlay but do not require
final ownership. An initial deposit is normally
expressed as monthly rentals in advance and a final
lump sum/balloon payment is usually included. A
finance lease can be extremely flexible.
- Enhanced cash flow
- 100% of the payments can be
offset against tax
- At the end of the lease the
vehicle is sold and the sale proceeds (less a
nominal fee) are refunded to you
- 100% of the VAT on repayments
can be reclaimed
- There are no mileage
restrictions or penalties
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Your normal comprehensive
vehicle insurance will pay out in the event of a
total loss by accident, fire or theft. But the
payout is at market value. In any finance plan there
is a period where the balance of finance outstanding
will be greater than the market value of the
vehicle. GAP insurance closes the gap between these
two values and ensures that you are not left to pay
out even more in a time of potential strain on your
business.
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A payment protection plan covers your finance
repayments in the event of unforeseen eventualities
such as sickness, accident and unemployment,
protecting your future and giving you peace of mind.
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