Business Users

Contract Hire:

• Low deposit
• Rental agreement
• Low payments
• Fixed cost rentals
• Optional maintenance
• Off balance sheet funding
• Simply hand back at the end of the contract
• VAT payable on deposit and rentals (50% reclaimable)
• Annual mileage pre-agreed

For more information on contract hire, please visit our contract hire page.

Contract Purchase:

• Low deposit
• Ownership product
• Low rentals
• Optional maintenance
• Pre-agreed annual mileage
• No VAT on rentals
• 3 options at end of contract:
  • Hand the vehicle back and start again.
  • Refinance the balloon over a longer period.
  • Pay off the balloon and keep the vehicle.
• On balance sheet lending

Finance Lease:

• Low deposit
• Rental agreement
• Low rental
• On balance sheet funding
• Non guaranteed residual value payment
• No mileage limitations
• VAT payable on deposit and rentals (50% reclaimable)

Hire Purchase:

• Small deposit required
• No mileage limitations
• No residual value
• Repayments up to 60 months
• No VAT on rentals
• Simplest type of agreement
• Vehicle is yours after the last payment is made.
• Lowest amount of interest charged on this type of agreement.

Lease Purchase:

• Similar to Hire Purchase
• Maximum period 60 months
• No mileage limitations
• Ownership product
• Balloon payment at the end to keep the payments down.