We can offer all sorts of Contracts to make cars more affordable, here is a selection with some explanations of their individual benefits:
This is the leasing of a vehicle, normally to a vat registered business or company, for a set time and mileage at a fixed monthly rental. The monthly rental is determined by the cost of the vehicle, the period and mileage covered, as well as the anticipated value of the vehicle at the end of the contract. Maintenance packages can be included within Contract Hire agreements, but are not obligatory.
There are many benefits of contract hire, some of which are listed below:
This, as its name suggests, is essentially the same as Contract Hire but for private individuals. If you want fixed cost motoring, or have opted out of a company car scheme then Personal Contract Hire could provide you with hassle free motoring without the residual value risks associated with traditional ownership.
VAT is built into the monthly payments, but is not reclaimable by private individuals. Maintenance packages are usually available so that you don't get any nasty surprises.
Amongst the benefits of Personal Contract Hire are:
(PCP) is another method of funding where an individual leases a vehicle for a set period at a fixed monthly charge.
However, at the end of the contract, there is an optional balloon payment which the individual can pay to buy the vehicle, otherwise, they can choose to return the vehicle with nothing further to pay. The monthly charge is governed by the initial cost of the vehicle, the mileage covered, the period of the agreement and the estimated value of the vehicle at the end of the contract.
Basically, it is the same as the Personal Contract Hire, but with the benefit of allowing you the option to buy the car at the end, instead of having to hand it back. In reality, in our experience, the majority of people do hand it back and take a new one at the end of the contract. Again, Servicing packages can be added to these contracts to give complete peace of mind and fixed costs.
There are several benefits to Personal Contract Purchase, amongst these include:
This is an excellent option for those who are looking for a lease agreement that falls in between daily car rental and a popularly used 2 – 3 year contract.
The average length for a short term car lease is from 3 – 12 months although some leasing companies do offer rolling contracts of 28 days. There are limited models and types of cars available.
There are major benefits that short term car leasing offers over other finance methods such as Personal Contract Hire & Daily Rental. These are:
Short term car leasing is often used by companies who have:
We can also offer numerous other methods of finance to spread the cost of your new vehicle, but to list them all can be confusing and unhelpful. If you have any other preference, then please, merely ask and we will be pleased to help you.
