You only pay for the vehicle over a fixed period making it easier for you, the customer to forecast cash flow as monthly rates are fixed – the rate you pay is set for the life of the deal. A low deposit (first 3 months up front) is payable at the start of the contract, each month payable in advance by Direct Debit.
Contracts can run from 2 to 4 years – whatever is right for your business
At the end of the contract you can either hand the vehicle back for a new one (new contract required) or you can simply walk away.
Contract Hire Finance features include;
Cash flow – by using Contract Hire the van isn’t on your balance sheet. This way you don’t need to worry about cash flow or the problem of depreciation and negative equity.
Repayment period flexibility – You can use Contract Hire over a 2 to 5 year period; you choose what’s right for you.
Fixed monthly rentals – make for peace of mind motoring. No need to worry about unexpected costs.
Low deposit – why pay a large deposit when you could merely pay the equivalent of 3 monthly rentals.
Tax advantages – monthly rentals include VAT which, if you’re VAT registered, you can simply reclaim every quarter.
Tax relief – you can offset the monthly rentals against profits.
Mileage restrictions – you choose the mileage that’s right for you and your business. However, don’t worry if you need to do more than you initially asked for; any excess mileage will simply be charged at the end of the term (the pence per excess mile charge will be clearly indicated on the your finance agreement).
Depreciation – drive with peace of mind knowing that your new van’s depreciation is the risk of Gilford Van Hire Ltd.
Road Fund Licence included – your tax disc will be delivered to your door – no hassle, no fuss.