For some, buying a new truck is a very daunting concept. So, when you have found the right vehicle for you, you still face another problem. How to pay? Thankfully there are options for all of us, including cash or finance. Finance will allow you to spread the cost into affordable, monthly payments, rather than paying in full.
There are several ways to do this.
Ultimate Purchase is essentially, the same as a standard Hire Purchase agreement, but with an outright payment, which is deferred until the end of the agreement. You agree the final repayment at the start of the agreement, so you can budget more easily.
At the end of the agreement you have two options: – Make the final repayment and you own the truck or part exchange for a new vehicle.
THE SMALL PRINT
All Ultimate Purchase offers based on 60 months, 30% deposit, 6.25% APR representative. Finance is subject to status and is only available to UK residents aged 18 and over. Finance provided by RCI Financial Services,
Nissan Finance, PO Box 495, Watford, WD17 1BR.
Contract Hire allows you to take the Navara for a set period of time and pay a fixed monthly rental. The company taking out the Contract Hire agreement does not own the vehicle, reducing the financial risk to the business and easing the administrative process of buying, servicing and disposing of vehicles.
*Subject to any excess mileage charges and damages which exceeds fair wear and tear.
By far the easiest finance option to understand. You make an initial deposit, decide the length of time you wish to pay for, then pay fixed monthly installments to cover the entire cost of the vehicle.
The benefit to this is that you end up paying the car outright and you can obtain a high value car for a manageable monthly fee.
Our experts can answer any questions you may have regarding Hire Purchase. Call direct on 01963 31056
Finance Lease combines many of the benefits of Contract Hire and Lease Purchase. Because it is a hire product, VAT is paid on the rentals which can help cashflow. But unlike Contract Hire, Finance Lease offers end of contract flexibility for those customers who might like to retain the vehicle (a small annual fee applies). Once all the payments have been made, the hirer can sell the vehicle to a 3rd party and retain 100% of the sales proceeds (paid as a rebate of rentals).