Hartwright Commercials
Financing your Van
FINANCE OPTIONS
Hire Purchase
If your priority is ownership, then Hire Purchase is a cost-effective way to buy your van
- Low Deposit - usually VAT only
- Flexible Repayment Period - up to 60 months
- Fixed Montly Repayment - helps cashflow and budgetary control
- Monthly repayments are free of VAT
- VAT deposit is reclaimable (for VAT registered customers)
- 100% of interest charges can be offset against taxable profits
- The vehicle is an asset on your balance sheet and benefits from writing down allowances
Year 1 - 50% Year 2 - 25% Year 3 25% etc... - Vehicle ownership passes when the agreement is completed
- Ideal arrangement for those who want to own the vehicle
Finance Lease
This provides for minimum deposit and maximum flexibility while retaining the benefit of ownership- Deopsits can vary but are usually the equivalent of three rental payments
- Repayment period of up to 60 months
- VAT is paid monthly , then reclaimed quarterly (for VAT registered customers)
- Rentals are 100% allowable against taxable profits
- A 'balloon' profile can be provided, which defers a large payment to the end of the contract, thereby aiding cashflow and reducing monthly rental payments
- Vehicle sold or part-exchanged at contract end means hirer benefits from 95% of sale proceeds (excluding VAT)
- Ideal for non-VAT registered customers looking for low initial deposit and maximum flexibility
- No mileage clauses
Hartwright Commercials are fully licensed credit brokers with access to the best deals at many leading finance houses. Give us a call today to discuss your specific requirements in detail and 'Discover how buying a van should be!'
