Financial Information

You need to be doing paid work, not paperwork. We know that. Which is why from vehicle funding, to insurance, to servicing, we can take some admin off your hands- so you can keep yours on the job.

 

Whether it’s sourcing a two tonne vehicle, a 36 month contract hire agreement or your next service, your van Centre works harder to make your working day easier.

 

Whatever the size of your business, you need finance you can count on. We are experts in finding the right funding plan for you.

 

Contract hire

 

Contract hire agreements provide you with fixed monthly rentals. And you won’t have to re-sell a vehicle at the end of the term. You simply hand it back and start a new agreement*.

 

*Subject to terms and conditions 

 

Finance lease

 

Potential tax benefits and better cashflow could mean finance lease suits your business best.  We offer two types of finance lease- full payout or balloon.

 

With our full payout option there is no inflated final rental. However, with our balloon option you could reduce your monthly rentals (in comparison to our full payout option) by deferring part of your vehicle’s value until the end of the agreement.

 

For either agreement, when it ends you can introduce an independent third party to Volkswagen Commercial Vehicle Finance, who will sell them the vehicle for a fair market value (allowing you to collect a percentage of the sale*), or extend the lease. You can then start a new agreement on another vehicle .

 

*Price must exceed the final rental cost.

 

Lease purchase

 

Lease purchase lets you benefit from lower monthly payments, in comparison to hire purchase, by deferring a proportion of the vehicle cost until the end of the agreement (the final balloon payment) – great for short term cash flow.

 

When it comes to the end of your contract term you then pay the final balloon payment (in cash or by refinancing the remaining balance).  Either way, once all payments have been made, you own the vehicle.

 

Hire purchase

 

Hire purchase is a simple, affordable way to buy. Simply agree the term and monthly repayments, and once you’ve made the last payment, the vehicle is all yours*.  Paying the same amount for a set period means it’s easy to stay in budget. And for just 10% deposit (plus VAT), we’ll organise your fixed monthly payments into an individual tailored plan.

 

*Subject to the payment of the option to purchase fee.