A variable interest rate product with fixed, monthly payments. As the interest rate is linked to a base rate (usually Libor) any adjustments required will be made at the conclusion of the agreement.

Benefits:

• Potential saving – should interest rates fall.
• Low deposit – assisting with cash flow.
• VAT free – no VAT on you monthly payments

At the end of a Lease Purchase we can arrange a refinance agreement to fund a ‘balloon rental’ that is due on a vehicle rather than selling the asset to cover the final payment.

Alternatively, subject to agreements with other finance companies, assets can be refinanced by extending the terms, leading to a reduction in monthly commitments.

Where you fully own cars or other assets this route allows you to release funds tied up in your assets in order to provide an immediate, welcome capital injection to you or your business.

This can be used as an alternative to selling assets, especially classic cars that may be appreciating at that moment in time. Releasing the funds can be used to extend your car portfolio.

A fixed term, fixed repayment contract with or without maintenance allows you the full use of the vehicle without the worry or risk on disposal. If you would like a total fixed cost motoring package with just the cost of insurance, then contract hire is the answer for your personal or business needs. With Contract Hire you can’t own the asset and any risk or reward at disposal is with the Contract Hire Company.

Benefits:

• Preserves cash flow – offers the obvious cash flow benefits of paying in instalments and the fixed repayments brings full clarity to your budgeting.
• Flexible contract hire terms to meet your individual requirements with variable duration, mileage terms and maintenance packages all available to truly personalise this option.
• Contract hire repayments can include the provision of maintenance, a relief vehicle, emergency cover, road fund licence, vehicle collection & disposal.
• Contract hire removes depreciating assets from the balance sheet and the associated risks of owning vehicles.

With an operating lease, the Finance Company retain ownership of the asset and you pay a fixed monthly rental to use it. This allows you acquire high value or specialist equipment without taking on the risk of it losing value.

Benefits:

• Protect investment – With operating lease, you’re protected from the risk of an asset losing value.
• Improved cash flow – The Finance Company fix a residual value for the asset, which will reduce your monthly payments.
• Flexible lease terms – Choose a fixed interest rate and tailor your payments to match your seasonal cash flow.
• Reduced tax payments – The asset could be off your balance sheet so you may be able to offset payments against taxable profits (special rules apply). You can also usually reclaim VAT on the asset.

Finance lease affords you many of the benefits related to full ownership. The Finance Company purchase the asset then rent it to you over an agreed term, for a small initial outlay, plus a fixed monthly rental that’s tailored to meet your personal cash flow needs. When the lease term is over, you don’t own the asset – but you may get you a portion of the resale value.

Customers may be responsible for any maintenance or repairs due on their asset.

Benefits:

• Reduce upfront costs – Monthly leasing means you don’t have to pay a lump sum upfront. This could help with your cash flow.
• Reduce tax – Only VAT on lease payments. You may also be able to offset leasing costs against taxable profit.
• Flexible repayments - Lease payments could be tailored to match your cash flow.