BUSINESS CENTRE: 01963 834486

Business Centre: 01963 31056

CASH OR FINANCE?

Find out which is the right option for you

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

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.

ALLOWS YOU TO

 

  • Borrow any amount from £1000
  • Flexible deposit options
  • Fixed Finance rate over 2-5 years
  • Repayments to suit your budget

 

BENEFITS

 

  • Drive the newest model
  • Keep monthly repayments lower
  • No excess mileage clauses
  • No mileage restrictions
Ultimate Purchase plan for Nissan Navara deals

THE SMALL PRINT

All Ultimate Purchase offers based on 60 months, 30% deposit, 6.99% 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

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.

 

ALLOWS YOU TO

 

  • You pay the advanced rental ranging from 3 to 12 months upfront.
  • Fixed monthly rental for the duration of your contract.
  • At the end of your agreement, you simply return the vehicle back to us.*

 

*Subject to any excess mileage charges and damages which exceeds fair wear and tear.

 

BENEFITS

 

  • Road Fund licence included.
  • Flexibility to increase your contract term and mileage.
  • Optional servicing, maintenance and tyre options brings all running costs into one package.
  • Reduced VAT paid by business, as monthly vehicle payments can be offset against taxable profits.
  • Vehicles on Contract Hire are classified as ‘off balance sheet’ and therefore has accounting benefits by improving the financial ratios for the business.
  • VAT registered businesses are able to claim 100% of the VAT back if the vehicle is used exclusively for business.
  • If vehicle used privately, 50% of the VAT can be reclaimed on the finance of the rental.

Hire Purchase (HP)

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 Business Lease

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).

 

ALLOWS YOU TO

 

  • Pay an initial deposit followed by a fixed number of monthly rental payments over an agreed contract period.
  • At the end of the term you can choose a further ‘secondary’ lease of hire or dispose of the vehicle on our behalf and keep 100% of the proceeds (paid as a rebate of rentals). Any balloon taken will need to be settled at the end of the primary period.

 

BENEFITS

 

  • Fixed monthly rentals for ease of budgeting
  • Lump sum or number of rentals as advance payment
  • Option to extend agreement into a ‘secondary’ period for a nominal annual fee (peppercorn rental)
  • Option to include a deferred sum/final ‘balloon’ payment to keep monthly costs low
  • Same tax relief as Contract Hire
  • 50% VAT usually reclaimable on cars
  • 100% VAT usually reclaimable on LCVs

Still not sure? Talk to the experts…call our Van Centre on 01963 31056