Company Fleet Support
It really doesn't matter how large your fleet is - one vehicle or 100 vehicles - if you really want to minimise your costs, improve your control and achieve a well-managed and compliant operation, you will need to give careful consideration to your decisions.
Fleet Funding Options
Contract Hire
An ideal solution for businesses wishing to concentrate on their core business activities and avoid the financial risk and administrative burden of owning and self-maintaining their car and van fleet.
Key Features
- Pre-agreed term (24 - 60 months)
- Pre-agreed contract mileage (can be increased/decreased during the agreement term)
- Fixed monthly rentals
- Low up front rental options
- Volume purchase vehicle discounting
- Includes Vehicle Excise Duty
- Maintenance option available (see additional detail page)
- Insured vehicle option available
- No disposal responsibility
- Rentals can be offset against profits
Benefits
- Offers VAT recovery benefits on car agreements which are not available on traditional purchase finance options
- Fixed cost motoring supports accurate budgeting
- User-friendly
- No vehicle disposal risk
Finance Lease
A more flexible funding solution offering 'softer' earlier agreement exit options and an onward vehicle sale profit opportunity. This method can be a tax efficient alternative to Lease purchase/HP where the Company chooses to pay either the entire cost of the vehicle (including cost of money charges) over an agreed lease period or opts to pay lower monthly rentals with a final deferred ('balloon') payment derived from the anticipated resale value of the vehicle. Works well where de-hire damage is a concern or when long range vehicle commitment may be in doubt (high value vehicles, employee trial periods etc.)
Key Features
- Pre-agreed term (24 - 60 months)
- No stipulated contract mileage
- Fixed monthly rentals
- Low up front rental options
- Volume purchase vehicle discounting
- 'Softer' earlier settlement options
- Excludes Vehicle Excise Duty (after 1st year)
- Maintenance option available (see additional detail page)
- Includes disposal responsibility
- Rentals can be offset against profits
Benefits
- Offers VAT recovery benefits on car agreements which are not available on traditional purchase finance options
- Fixed cost motoring supports accurate budgeting
- Flexible finance contract
- Disposal profit opportunity
- Avoids de-hire damage charges
Contract Purchase
A conditional purchase instalment method of vehicle finance, suitable for Companies preferring to own or having the option to own their vehicles, while retaining an option to avoid the risk of depreciation.
Key Features
- Pre-agreed term (24 - 60 months)
- Pre-agreed contract mileage
- Fixed monthly payments
- Variable initial payment options
- Includes Vehicle Excise Duty
- Maintenance option available (see additional detail page)
- Guaranteed Future Value and option to own
- Depreciation write down tax allowances
Benefits
- Fixed budget motoring
- Ownership option
- Disposal profit opportunity
- No resale financial risk if option to return the vehicle at agreement end is invoked
Lease Purchase / Hire Purchase
A more traditional purchase instalment method of vehicle finance, useful for Companies which absolutely require ultimate vehicle ownership and are comfortable with the resale responsibility and risk/reward opportunity.
Key Features
- Pre-agreed term (24 - 60 months)
- No stipulated contract mileage
- Variable Initial payment options
- Softer earlier settlement options
- Excludes Vehicle Excise Duty (after 1st year)
- Includes disposal responsibility
- Depreciation write down tax allowances
Benefits
- Flexible finance contract
- Disposal profit opportunity
- Avoids de-hire damage charges
Interested?
Contact us now on 01422 329111 or use the contact information form below for a free, no obligation chat.