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Vans4me
Tel: 01202
720030
Fax: 01202 303840
Out of Hours
07920 092043
Email: Sales
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| How you pay for your van is often as important as the van
itself. We offer a service to meet the needs of all sizes of
business requiring commercial vehicles. Whether you run just
one vehicle or a whole fleet, we can help you choose the
correct type of finance, and then tailor the options to suit
your needs. Our extensive range of finance products covers
traditional Hire Purchase, Lease Purchase, Contract Hire and
Finance Lease. We also have other optional products and
services available, such as GAP Insurance and Payment
Protection to cover unexpected events or costs of running a
commercial vehicle.
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Lease Purchase is effectively Hire Purchase with a single
larger final payment at the end. This lump sum/balloon payment
reduces the monthly repayment during the lifetime of the
agreement.
- Enhanced cash flow
- Eventual ownership of the vehicle
- The same tax advantages as HP, but repayments can be
structured to suit your business
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With Contract Hire, in return for a fixed pre-determined
monthly rental payment, the finance company supplies the
vehicle and takes full responsibility for its depreciation,
funding costs and administration. When a maintenance contract
is included the finance company provide all servicing and
repairs. It also typically covers the road fund licence and,
where specified, replacement vehicles as well. The rental
calculation is based on the term and mileage, and also the
cost of maintenance when it is included in the contract.
Assuming the hirer is VAT registered, 100% of the VAT on
rentals can be reclaimed and the agreement stays on the
balance sheet.
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Finance Leasing can be one of the most cost effective
options, if you need full use of a van for minimum outlay but
do not require final ownership. An initial deposit is normally
expressed as monthly rentals in advance and a final lump
sum/balloon payment is usually included. A finance lease can
be extremely flexible.
- Enhanced cash flow
- 100% of the payments can be offset against tax
- At the end of the lease the vehicle is sold and the
sale proceeds (less a nominal fee) are refunded to you
- 100% of the VAT on repayments can be reclaimed
- There are no mileage restrictions or penalties
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Your normal comprehensive vehicle insurance will pay out
in the event of a total loss by accident, fire or theft. But
the payout is at market value. In any finance plan there is a
period where the balance of finance outstanding will be
greater than the market value of the vehicle. GAP insurance
closes the gap between these two values and ensures that you
are not left to pay out even more in a time of potential
strain on your business.
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| A payment protection plan covers your finance repayments
in the event of unforeseen eventualities such as sickness,
accident and unemployment, protecting your future and giving
you peace of mind.
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