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Contract
Hire:
A popular choice for VAT-registered
companies that want minimum outlay and maximum control of
costs, especially when the maintenance and relief vehicle
options are included.
With this VAT-beneficial financing
package, one regular rental payment covers all risks,
including costs of depreciation and disposal, for an agreed
period of time and mileage. Road Fund Licence is included, but
roadside rescue, maintenance and relief vehicle provision are
options that can be added and charged to the rental
payment.
Finance
Lease:
Ideal for
VAT-registered companies who want to handle the administration
of their vehicles, and have the asset shown on their balance
sheet.
A VAT-beneficial
finance option where the hirer can choose to pay the entire
cost over the agreed lease period, plus an interest charge, or
pay lower monthly rentals during the lease period with a final
payment based on the anticipated resale value of the
vehicle.
Contract
Purchase:
For companies with
high-value cars who would like the option to purchase the
vehicles, but don't want any depreciation risks.
The customer acquires
the vehicle by paying fixed monthly instalments with the asset
being shown on the company balance sheet, and can either
retain ownership at the end of the contract or hand the
vehicle back. Contract purchase has the added benefits of
savings on maintenance and relief vehicles, and comes with
full Dial Rescue breakdown cover and road fund
licence.
Lease
Purchase:
For
non-VAT-registered companies that want eventual ownership of
the vehicle.
A funding agreement
where the company acquires ownership when all the payments,
including the option to purchase, have been made. Part of the
capital cost of the vehicle payment at the end of the
agreement, which equates to the anticipated market value of
the vehicle at the end of the agreed leasing
period.
Purchase and
Leaseback:
For companies wishing
to retain the use of their vehicles, yet generate capital from
their sale, whilst transferring to a VAT-beneficial funding
method.
If a company
currently owns its vehicles, this option means Network will
purchase the vehicles for an agreed price and lease them back
using either contract hire or finance lease, according to
customer preference.
Drivewise -
personal leasing:
For private
individuals who want a hassle-free and cost-effective way to
finance and maintain a vehicle.
Consultation and
assessment of your requirements may reveal that Drivewise -
Network's personal leasing product - is the ideal vehicle
financing solution for your business and personal needs.
Drivewise allows you to enjoy significant tax advantages and a
choice of new or used vehicle every two or three years in
return for a fixed monthly charge that is easy to budget for,
as well as an all-inclusive (optional) maintenance and
breakdown package.
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