Funding Options
Lease Purchase
Lease purchase is a Hire Purchase with a leasing payment pattern. The customer will own the vehicle after payment of an option to purchase fee. This option can be ideal to companies not registered for VAT.
Network purchase the vehicle of your choice, having agreed on a contract term, annual mileage, monthly rental and mutually acceptable option to purchase price.
At the end of the contract you pay the option to purchase price and then own the vehicle.
Option to purchase price of know as the “Balloon Payment”.
Services Included:
- * Free sourcing and delivery of your vehicles
Additional services which can be included:
- * All routine servicing and tyre replacement
- * Replacement vehicle provided in the event of an accident or mechanical breakdown
- * Full membership of a motoring programme including Home Start, Road Side Assistance, Relay, Relay Plus and European Cover
- * Motor Insurance, individual or fleet cover available
- * GAP insurance up to a maximum of £5,000
Your only responsibilities:
- * Choosing the vehicle
- * Paying for fuel, oil and insurance
- * Paying for Road Fund Licence
The Benefits:
- * Fixed monthly rental contract for accurate budgeting and cash flow
- * Minimum initial expenditure, typically three months in advance
- * VAT on monthly payments if not applicable
- * You can purchase the vehicle at the end of the contract
- * Capital allowances claimable against tax
The Disadvantage:
- * There are limited tax advantages
