This is the solution for companies who want to concentrate on important business activities and avoid the financial risk and administrative burden created through the ownership of a vehicle fleet.

Key Features and benefits

• Fixed rentals for the whole package making budget planning easier.
• Flexible terms to meet your requirements, variable duration and mileage terms.
• Maintenance of vehicles can be included in monthly rentals, spreading the cost.
• Removes depreciating assets from the balance sheet.
• Removes the associated risks of owning the vehicles.
• 50% VAT reclaimable on the finance element of agreement, 100% on the maintenance element - applicable if vehicle used for business and private use.
• 100% of the VAT is recoverable on both the finance and maintenance elements of the agreement - applicable if vehicle is used solely for business purposes.
• Flexible invoice arrangements to reduce administration

The solution for companies who want to own their vehicles but want to avoid the risk of depreciating assets.

Business contract purchase offers companies many of the no risk advantages of contract hire, coupled with an optional service and maintenance package. It also allows the company to purchase the vehicle at the of the agreement for a guaranteed price

Key Features and benefits

• Similar benefits to contract hire regarding fixed payments and flexible terms.
• Maintenance and services packages can be included if required.
• A guarantee future value is given for the vehicle at the end of the contract period for a known, fixed amount based on mileage and condition
• Ownership passes to the customer at the end of the agreement when all payments have been mad

A popular and flexible solution to vehicle funding. Finance Lease offers all the practical benefits of ownership without any of the potential burdens.

Key Features and benefits

• When the asset is sold you normally receive the majority share of the sale proceeds.
• The flexible repayment structure gives you immediate and full use of the asset for a minimal outlay.
• Rentals can be set according to your cash flow - especially beneficial if your business is seasonal.
• Fixed or variable interest rate - you make your own assessment and choose accordingly.
• Rentals can normally be offset against taxable profit*. Asset treated as 'on-balance sheet'.
• VAT is paid on the rentals not the purchase price*.
• The finance company remains the owner of the asset, claims writing down allowances, and these are reflected in the rentals you pay.

*special rules apply to company cars.

A particularly effective solution for vehicles of higher value. This offers a built in residual value to reduce the rentals, thus helping cash flow and making 'off-balance sheet' funding possible.

Key features and benefits

• You do not bear the residual risk on the vehicle value.
• Rentals can be set according to your cash flow - especially beneficial if your business is seasonal.
• Rentals can normally be offset against taxable profit*.
• Asset normally treated as 'off-balance sheet' (subject to your auditors' approval). *special rules apply to company cars.

A straightforward repayment facility where you ultimately own the vehicle. Repayments can be structured in a flexible way using initial payments and/or a 'balloon' (final lump sum).

Key features and benefits

• With ownership you have total control over the asset.
• The vehicle is registered in the name of the customer / company.
• Ownership normally carries the potential for claiming writing down allowances and/or capital grants, including any enhanced first year allowances.
• VAT on the cost of the asset is normally reclaimable*.
• Fixed or variable interest rate - you make your own assessment and choose accordingly.
• The interest element of repayments can normally be offset against taxable profit*.
• The asset appears on your balance sheet.
• Monthly payments are not subject to VAT.

* Special rules apply to cars