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D2 Consulting
With such a wide range of financial products available, picking the one that best suits your needs can be a frustrating exercise. That's why our experts are always on hand to clearly explain all the available options and what they mean to you.
So why not give us a call on 0800 612 7728 and let us guide you through the whole process.
In the meantime, why not take a look at our quick guide to the most popular funding methods.
Contract Hire is a tax efficient funding method where you hire rather than own the vehicle, paying fixed monthly charges for the duration of the contract.
It delivers 'off balance sheet' accounting and reclaimable VAT, and can help increase cash flow to assist in the smooth running of your organisation.
Under a Contract Hire agreement, the leasing company retains ownership of the vehicle at all times and therefore continues to absorb all of the subsequent risks such as unforeseen running costs and uncertain resale values.
Personal Leasing provides fixed costs over an agreed period of time and can include a full service and maintenance package.
This type of arrangement delivers hassle free motoring without the residual value risks normally associated with traditional ownership.
VAT is built into the monthly payments, however this is not reclaimable by private individuals
Lease Purchase spreads the vehicle payments over several years and enables you to own the vehicle at the end of the contract.
The monthly rental is determined by the initial cost of the vehicle, the period of the contract, the proposed annual mileage and the anticipated future resale value.
A payment equivalent to the estimated future value is payable at the end of the contract, when the vehicle becomes the property of the lessee.
This helps you to purchase a vehicle over a set period of time and at fixed monthly costs, without taking the depreciation risks normally associated with ownership.
You get the option to buy the vehicle at the end of the contract, trade it in for a new one or simply return the vehicle, with no further payments due.
As you cannot reclaim the VAT on the monthly payments, Contract Purchase can often suit non VAT registered companies.
This is a tax efficient option where you can choose to fund the entire cost of the vehicle, plus interest, over a set period or pay lower monthly rentals and then a final payment based on the anticipated resale value of the vehicle.
The vehicle is shown on the balance sheet and the VAT is reclaimable. The monthly rental is determined by the cost of the vehicle, the period of the contract and the proposed annual mileage.
You benefit through fixed cost motoring with optional maintenance packages but also take on the administration and operating risks for the vehicle.