Below is a brief overview of the different funding methods of business vehicle acquisition. However, our unique approach involves gaining an in-depth understanding of your business circumstances and requirements. We make it our business to know your business so for further information or to arrange an appointment please contact us.

Contract Hire
Contract Hire is the leasing of a vehicle, normally (but not always) 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 length of the contract and mileage covered as well as the resultant depreciation. Maintenance packages are often included within Contract Hire agreements, but are not obligatory.

Lease purchase
Lease purchase is a method of financing a vehicle, normally (but not always) for VAT-registered businesses or companies.

The monthly rental is determined by the cost of the vehicle, the length of the contract and the estimated future value of the vehicle, which is based on the proposed annual mileage. A payment equivalent to the estimated future value is payable at the end of the contract, when the vehicle becomes the property of the lessee. Maintenance packages are often available, if required.

Lease Purchase is a cheaper monthly alternative to Hire Purchase, the traditional method of financing, and is written on a hire purchase agreement with the protections afforded by the UK Consumer Credit Act.

Finance lease
Finance Lease is a VAT-free method of financing a vehicle, normally for vat-registered businesses or companies.

The monthly rental is determined by the cost of the vehicle, the length of the contract and the estimated future value of the vehicle, which is based on the proposed annual mileage. A payment equivalent to the estimated future value is payable at the end of the contract.

At the end of the contract period, the vehicle is sold and the proceeds returned to the Lessee. Maintenance packages are often available, if required.

Sale & leaseback
Sale & leaseback can be used where your company already owns its own vehicles. Your fleet of vehicles could be purchased at an agreed realistic market value and then leased back to you through the funding method of your choice.

This approach removes any residual value risk for your company and would enable a cash injection into your business thus increasing your working capital.

Contract purchase
Contract purchase is for companies with high-value cars who would like the option to purchase the vehicles, but don't want any depreciation risks. The customer acquires the vehicle by paying fixed monthly instalments with the asset being shown on the company balance sheet.

At the end of the contract period, the customer can either retain ownership at the end of the contract or hand the vehicle back