Finance
Options
Hire Purchase
If ownership is a priority then this is a
cost-effective route to purchasing your vehicle
- Low Deposit - Vat Only
- Flexible Repayment period - up to 60
months
- Fixed Monthly Repayment aids budgetary
control
and cashflow
- Monthly repayments are vat free
- VAT deposit reclaimable (VAT registered
customers)
- 100% of interest charges can be offset
against
taxable profits
- Vehicle is an asset on your balance sheet
and
benefits from
writing down allowances
Year 1 - 50% Year 2 - 25% Year 3 - 25% etc...etc...
- Ownership of vehicle will pass when the
agreement is completed
- Ideal for those who require ownership of
the
vehicle
Finance Lease
This facility provides the customer with the
benefits of ownership with minimum deposit and maximum flexibility
- Deposits are usually the equivalent of
three
rentals. but can be any amount whatsoever
- Repayment period of up to 60 months
- VAT is paid monthly, then claimed back
quarterly (if VAT registered)
- Rentals are 100% allowable against
taxable
profits
- Facility can have a balloon profile,
which
defers
a large payment to the end of the contract - thus reducing monthly
rental and aiding cashflow
- Vehicle sold or part-exchanged at end of
contract hirer benefits from 95% of sales proceeds (ex. VAT)
- Ideal for non-VAT registered business
users
looking for low initial deposit and maximum flexibility
- No mileage clauses
Contract Hire
Comprehensive, fixed cost solution where use
of
your
commercial vehicle is important, but without the responsibilities of
ownership. Essentially an operating lease with a full maintenance
package. Mileage sensitive - be careful!
- Deposits are anything from 3 rentals
upwards
- Total budgetary control - fixed costs, as
long
as you stay within the mileage
- Monthly repayments are subject to VAT -
VAT
recoverable
- Rentals are 100% allowable against
taxable
profits
- Fixed maintenance package to include
services,
repairs, tyres, dependant on contract type
- At the end of the contract, simply hand
the
vehicle back
- The vehicle is subjected to an
inspection,
where
any reconditioning costs are charged to the customer - Ideal for VAT
registered larger fleet operators.
Guaranteed Finance
Did you know as many as 1 in 4 people in the
uk
have
some form of adverse credit whether it be late credit card payments,
mortgage arrears, CCJs or defaults. Trying to obtain credit can be a
difficult task with all the forms to fill in only to be told you failed
the credit score. At Vantastec we have access to hundreds of finance
companies who understand lifes circumstances. If you need a new van and
are fed up of being told no Vantastec can help. call a member of our
sales team who will take your details and get you the finance and the
van you need.
Confused ?
Are you confused by all these finance
methods,
don't
worry, just call us for a free 10 minute Finance Consultation and we'll
discuss the pro's and cons of all types of Finance, to make sure you
get the best one.
Tel:
0845 643
0137
Email:
sales@vantastec.co.uk
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