Contract Hire and Finance...

Hire Purchase
If ownership is a priority then this is a cost-effective route to purchasing your vehicle
· Low Deposit - Vat Only
· Flexible Repayment period - up to 60 months
· Fixed Monthly Repayment aids budgetary control and cashflow
· Monthly repayments are vat free
· VAT deposit reclaimable (VAT registered customers)
· 100% of interest charges can be offset against taxable profits
· Vehicle is an asset on your balance sheet and benefits from
writing down allowances
Year 1 - 50% Year 2 - 25% Year 3 - 25% etc...etc...
· Ownership of vehicle will pass when the agreement is completed
· Ideal for those who require ownership of the vehicle

Finance Lease
This facility provides the customer with the benefits of ownership with minimum deposit and maximum flexibility
· Deposits are usually the equivalent of three rentals. but can be any amount whatsoever
· Repayment period of up to 60 months
· VAT is paid monthly, then claimed back quarterly (if VAT registered)
· Rentals are 100% allowable against taxable profits
· Facility can have a balloon profile, which defers a large payment to the end of the contract - thus reducing monthly rental and aiding cashflow
· Vehicle sold or part-exchanged at end of contract hirer benefits from 95% of sales proceeds (ex. VAT)
· Ideal for non-VAT registered business users looking for low initial deposit and maximum flexibility
· No mileage clauses

Contract Hire
Comprehensive, fixed cost solution where use of your commercial vehicle is important, but without the responsibilities of ownership. Essentially an operating lease with a full maintenance package. Mileage sensitive - be careful!
· Deposits are anything from 3 rentals upwards
· Total budgetary control - fixed costs, as long as you stay within the mileage
· Monthly repayments are subject to VAT - VAT recoverable
· Rentals are 100% allowable against taxable profits
· Fixed maintenance package to include services, repairs, tyres, dependant on contract type
· At the end of the contract, simply hand the vehicle back
· The vehicle is subjected to an inspection, where any reconditioning costs are charged to the customer - Ideal for VAT registered larger fleet operators.

Registered Office address: Autoworld Motor Group, Brimington Road North , Whittington Moor, Chesterfield S41 9AJ.