Finance :: Contract Hire A Van

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Finance

	Contract Hire
	Contract Purchase
	Finance Lease

Contract Hire

With Contract Hire, you can hire company vehicles for a pre-determined period at a fixed monthly rate.

Contract Hire is a simple yet effective solution; the leasing company retains ownership of all vehicles and takes them back at the end of the contract. This means all the associated risks are theirs – leaving you with a stress free way to operate your vehicle. Depreciation and optional maintenance? Not your problem. Just enjoy the practical and pleasurable aspects of running a vehicle.

If your company wants to reduce the administrative burden of running a fleet, Contract Hire is ideal. We source and supply your vehicle requirements, service is an optional cost extra, and it even helps with disposal of all vehicles – meaning less time-consuming paperwork for you.

The monthly rental for Contract Hire, fixed for the lifetime of the contract includes:

	Cost of the vehicle
	Period of use
	Forecast contract mileage
	Anticipated residual value

Contract Hire a Van.Com works with you to agree flexible lease terms. You can improve your budgeting and cash flow forecasting – striking the right balance to suit your business needs.
All rentals quoted are exclusive of VAT.

Contract Purchase

Contract Purchase offers all the operational benefits of contract hire. The difference is - you have the option to buy the vehicle at the end of the contract.
With Contract Purchase, you pay a final ‘GFV’ payment, making you the legal owner of the vehicle. Alternatively, you can return the vehicle to the leasing company with nothing more to pay. (Subject to Mileage and Condition)

The VAT on the purchase price is payable up front, in addition to the usual 3 months deposit.

Benefits to your business
Just like our contract hire product, the leasing company takes care of the operational, managerial and administrative issues – leaving you free to concentrate on your core business. With Contract Purchase, you also get the tax-efficiency benefits of ownership, such as the ability to claim capital allowances.

The monthly rental for Contract Purchase, fixed for the lifetime of the contract includes:

	Cost of the vehicle
	Period of use
	Forecast contract mileage
	Anticipated residual value

Finance Lease

Finance Lease is a flexible form of acquiring the use of a commercial vehicle. The customer enters into a fixed term rental agreement, over an agreed period. The product allows for a sensible balloon payment, to be incorporated into the rental agreement.

A finance lease is designed to take a small initial outlay of 3 rentals, however the product does allow for larger deposits to be paid.

In summary, finance lease offer ‘use without ownership’, but a finance lease offers ‘ risk and reward’. I.e. Risk and Reward, means that if the vehicle is worth more than the balloon, then it is the customers reward, if the vehicle is worth less than the balloon it is the customers risk.

Some finance companies, retain a small percentage of sale proceeds when the vehicle is sold.

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