Finance Options

Conditional Sales agreements involve a finance company (the creditor) purchasing a vehicle on behalf of the customer (the buyer), which allows the customer to pay for the vehicle in instalments. This enables the customer to pay a deposit and take immediate possession of the vehicle; however, the title to goods remains with the creditor until the buyer satisfies the conditions of the agreement. In other words, the finance company own the vehicle until all payments have been made.

A Hire Purchase agreement is much the same as a conditional sale agreement. The only difference between them is simply that under hire purchase, the consumer has no obligation to take title to the goods, whereas under conditional sale, transfer of title is automatic upon the completion of the condition (usually of course, the full payment of the vehicle).

Hire Purchase and Conditional Sale agreements are simple and easy to arrange at our dealership. They are convenient, on the spot, finance options which offer flexible repayments suited to you the buyer. Interest is fixed so you have a fixed monthly payment. A deposit secures the vehicle and regular payments are made over a pre-agreed period, usually 12–60 months.

To reduce monthly payments, a larger payment or lump sum called a balloon payment can be made at the end of the agreement period. Often the customer would pay a balloon payment on the last installment of their lease.

This is a popular choice for individuals who opt out of a company car scheme in favour of a cash option. It enables you to get the brand new (or used) car that you probably thought was beyond your reach, enjoy significant tax benefits, and combine all your motoring expenses into one affordable monthly payment.

Using our fleet purchasing power, we source the vehicle of your choice and deliver free of charge. You will have decided previously on the deposit you wish to pay, and the length of the contract. We then fix an agreed future value which is guaranteed, subject to mileage and good condition, and your monthly payment is calculated accordingly. It’s very flexible and we think the cost options will pleasantly surprise you. At the end of the contract you simply choose a new vehicle (no trade-in hassles) or pay the agreed final payment to own the car outright.

Personal Contract Hire can be tailored to suit an individual’s personal circumstance. It offers the security and piece of mind of predictable and regular monthly payments which cover all the major costs normally associated with running a car. A large initial capital outlay is not required, and worries over maintenance costs and end of contract vehicle values are negated. There are negotiable mileage terms and initial line rental requirements, with regular equal payments taken by direct debit until the end of the contract.

At the end of the contract period, if the car is in good condition and within the agreed mileage, the car is simply handed back to us, leaving the indidual free to to take out a new agreement on their next car. The only requirements are that they arrange their own fully comprehensive insurance, pay for their own fuel and keep the vehicle topped up with oil and ensure it remains in good condition.

Personal Contract Hire is available with or without maintenance and VAT is payable on the rental.

Using our fleet purchasing power, we source the vehicle of your choice and deliver free of charge. You will have decided previously on the deposit you wish to pay, and the length of the contract. We then fix an agreed future value which is guaranteed, subject to mileage and good condition, and your monthly payment is calculated accordingly. It’s very flexible and we think the cost options will pleasantly surprise you. At the end of the contract you simply choose a new vehicle (no trade-in hassles).

This option will be of particular interest to companies not registered for VAT who want eventual ownership of the vehicle(s). It is effectively Hire Purchase with a leasing payment pattern.

Using our fleet purchasing power, we source the vehicle(s) of your choice and deliver free of charge. You will previously have agreed a contract term, annual mileage, monthly rental and a mutually acceptable option-to-purchase price, which, at the end of the contract, gives you ownership of the vehicle (this is often referred to as a ‘balloon’ payment). Alternatively you can ask us to sell the vehicle, with the sale proceeds being offset against the option-to-purchase price. If it exceeds that price, you receive the surplus cash benefit.

This is a good choice if you want to remove assets from the balance sheet, eliminate financial loss when disposing of vehicles and enjoy the convenience of a full maintenance service. It also allows you to reclaim 100% of the VAT on servicing, and 50% of the VAT on the financial rental cost.

Once you’ve agreed on the contract term, annual mileage, maintenance options and monthly rental, we use our fleet purchasing power to aquire your chosen vehicle for you and deliver it to your specified location. At the end of the contract, provided the contracted mileage has not been exceeded and the vehicle is undamaged, we’ll collect it and you will have no further involvement.

This is a popular choice for VAT registered companies looking for vehicle funding only. You can run one car or a whole fleet with no capital outlay, but have the asset showing on your balance sheet. At the end of the lease period you sell to an independent third party and retain up to 98% of the sale proceeds. You can choose to pay the entire cost over the agreed lease period, plus an interest charge, or pay lower monthly rentals and a final payment which is calculated on the anticipated residual value.

Using our fleet purchasing power, we source the vehicle(s) of your choice and deliver free of charge. You pay fixed monthly payments for the duration of the agreed lease period. At the end of your contract you can opt either to sell the vehicle(s) yourself or ask us to negotiate a sale (a free service). Proceeds are offset against the final payment. Should proceeds exceed the residual value, you receive the excess.