With this flexible solution, you can keep your options open right up until the end of your contract. The future value of the vehicle is guaranteed based on your mileage, so after the agreed term you can either make it yours with a pre-agreed Optional Purchase Payment, or return it with no obligation, leaving you free to take out another contract. With this second option there are no further charges, though you remain liable for any excess mileage and wear and tear on the vehicle. A third option is to purchase the vehicle and part-exchange it for a new one.

Hire purchase is similar to loans offered by high street banks and building societies, with regular payments towards the outright purchase of your vehicle. Repayments are fixed over the period of the loan, but flexible deposits, no mileage limits and extremely competitive fixed or variable interest rates mean that the agreement can be tailored to perfectly suit your needs.

In addition, the payments are allowable against taxable profits and VAT is reclaimable, depending on use.

Operating Lease is a finance option available specifically for business customers, whereby the vehicle is leased for a fixed period with low monthly rental payments. Monthly rentals are allowable against taxable profits and VAT is reclaimable, depending on use*. At the end of the agreement, the vehicle is returned and there are no additional costs on the return of the car, assuming there has been no damage or excess wear and the agreed contract mileage has not been exceeded. When the monthly rental rates are produced, a Guaranteed Future Value (GFV), i.e. the value of your car at the end of your lease term, is calculated. This enables us to keep the monthly rental as low as possible.