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| Contract Hire |
Contract Hire is the most frequently used way for businesses to fund their vehicles, especially popular with VAT registered companies that want minimum outlay and maximum control of costs, also you have the flexibility to include maintenance and relief vehicles. Contract Hire works by paying an initial deposit, and then making equal monthly instalments over a period of 1, 2, or 3 years.
Road fund licence is included, but roadside rescue, maintenance and relief vehicle provision are options that can be added and charged to the rental payments, at the end of the period the vehicle is simply handed back and a new deal on a new vehicle is started.
Independent Cars has negotiated very competitive deals with a number of Contract Hire providers, ensuring that we can provide you with a tailored Contract Hire package to suit your needs.
These are just an example of some of the different methods of funding your vehicle, here at Independent Cars we would be pleased to discuss these and any other finance options to suit your individual needs. |
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| Finance Lease |
A finance lease combines the benefits of ownership with VAT advantages.
The vehicle is leased to the client and the lease rate can either be linked to a residual value set by the client, or the capital value can be spread over the term of the loan. At the end of the contract term, the vehicle must be sold to a 3rd party and the client benefits from the sale proceeds.
Although the vehicle appears on the balance sheet, the leasing company is able to recover VAT on the purchase price of the vehicle and this benefit is passed on to the client through lower rentals.
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| Hire Purchase |
Hire Purchase is an extremely popular way of purchasing your new vehicle because it is so simple.
To purchase a vehicle on Hire Purchase you just pay an initial deposit , and then make equal monthly instalments over any period up to 5 years.
If you wish to change your vehicle before your agreement has ended, just contact the finance company who will provide you with a settlement figure. Once you have paid the settlement figure full ownership of the vehicle passes to you and allows you to change your vehicle and enter into a new agreement.
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| Lease Purchase |
Lease purchase is a method of financing a vehicle, the monthly rental is determined by the cost of the vehicle, the period 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.
Lease Purchase is a cheaper monthly alternative to Hire Purchase due to a ‘ballon’ being built into the end of contract. and is written on a hire purchase agreement with the protections afforded by the consumer credit act.
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| Personal Contracts |
Personal Contract Purchase provides the benefits of driving a higher specification vehicle for a lower monthly payment, it provides flexibility allowing motorists to change their vehicle more often.
Unlike the traditional purchase plan, this is achieved by deferring a percentage of the total cost of the vehicle to the end of the contract.
To purchase a vehicle on PCP you pay an initial deposit, and then make equal monthly instalments over a period of 1, 2, 3, or 4 years.
At the end of the period there is a ‘Guaranteed Future Minimum Value’ (GFMV) for the vehicle, giving you the customer three alternative choices:
1. Pay the GFMV in one lump sum and take full ownership of the vehicle
2. If the vehicle is worth more than the GFMV, you can use it as a part exchange to purchase a new vehicle and use your excess amount as full or part deposit.
3. If the vehicle is worth less than the GFMV, then just hand it back to the finance company and purchase a new vehicle. |
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| C4 2.0 HDi Exclusive 5 door |
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Our Price : £5,250
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| XK8 4.0 Auto |
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Our Price : £9,250
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| Astra 1.9 CDTi 150 Coupe |
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Our Price : £10,950
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