Finance Options to suit your situation
For a quotation, help, or advice contact your local
dealership and ask to speak to a Finance and Insurance
Specialist.
Find out more about our Finance Options:
Lease Purchase
Lease Purchase is an ideal alternative to bank borrowing for
businesses that are not VAT registered and who want eventual
ownership of their cars.
Benefits of Lease Purchase:
- Eventual ownership
- Low initial deposit
- The car can be written down in your books
- All interest paid can be off-set against tax
- No VAT on payments
- Option to take early settlement
- No restriction on mileage
This is simply a funding scheme that also favours businesses
that prefer minimum payments to assist with cash flow.
This is because part of the capital cost is deferred until the
end of the agreement and has the obvious effect of reducing the
monthly payments.
In paying the final balloon payment you complete the agreement and
the car is yours to keep.
If you trade the car in for another, then any allowance over and
above the balloon payment is yours and can be put towards your
deposit on your next car.
Likewise, if the allowance is less than the balloon, then you
are responsible for the shortfall.