Funding Options
Drivewise (PCP for Private individuals)
DriveWise is a Personal Contract Purchase Plan.
Network purchase the vehicle of your choice, having agreed on a term, annual mileage, service options, guaranteed option to purchase price and monthly rental.
On termination of the contract, you can choose to either return the vehicle with nothing further to pay or to purchase it at the agreed option to purchase price written into the contract.
Services Included:
- * Free sourcing and delivery of your vehicles
- * Free collection of your vehicle at the end of the contract
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
- * Choosing the service options
The Benefits:
- * Fixed monthly rental contract for accurate budgeting and cash flow
- * Minimum initial expenditure, typically three months in advance
- * Routine servicing and maintenance costs can be covered
- * VAT Payable on service options only
- * Flexibility to retain the vehicle at the end of the contract
The Disadvantage:
- * Cannot be shown “off balance sheet”
