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Hundreds of options; but which is the right option for YOU?
Our Easy-to-use Guide sets out what you NEED TO KNOW
The world of Vehicle Finance can be a confusing one
Are you
feeling confused?
not sure if finance is your best option?
wanting more information?
Give us a call on 01933 461 044
This is often calculated in months to make calculation of monthly payments easier. For example 24, 48 or 60 months.
Ordinarily 3 months worth of the monthly payments thereafter, but this can be tailored.
Contract Hire gives you, the customer, the ability to pick your own mileage allowance for the term
More favourable offers are made available for larger fleet agreements
Annual servicing and warranty can be included in the monthly price
Excess mileage is chargeable
Your idea of reasonable wear and tear may be different to the Contract Hire company.
Something you MUST consider if using the vehicle for commercial purposes
Still confused?
Could this be the right option for you?
You’ve got a few questions?
No problem - Give us a call on 01933 461 044
You ONLY pay VAT on this figure
Balloon payments – a payment made at the end of the finance agreement to settle the remaining funds within your agreement.
SEE BELOW FOR THE DANGERS OF MIS-SOLD BALLOONS
The initial deposit within Finance Lease is very flexible
For VAT registered users, VAT on monthly payments and initial deposits can be claimed at the end of your VAT quarter.
We do always advise double-checking with your own accountant for the full benefits
Many people are sold into a Finance Lease agreement purely on the lowest monthly payment figure.
These mean a larger outlay at the end of the lease is payable – often leaving customers out of pocket!
SEE BELOW AN EXPLAINATION ABOUT GOOD AND BAD BALLOONS
Total Finance Value £10,000
Responsible 'Ballooning' Example
£1500
Balloon
payable
at end of lease
Initial payment
£2500
(Estimated vehicle value)
£6000 Balance
Over 24 months = £250pm
Total Finance Value £10,000
Irresponsible 'Ballooning' Example
£1500
Balloon payable at end of Lease
£4000
Initial payment
£2500
(Estimated vahicle value)
£4500 Balance
Over 24 months = £187.50pm
£1500
MONEY YOU
STILL OWE
Irresponsible Balloon setting means customers are STILL left owing large sums of money after
cashing in their vehicle value... BE CAREFUL!
Still confused?
Could this be the right option for you?
You’ve got a few questions?
No problem - Give us a call on 01933 461 044
The remaining balance is then funded over the remaining loan period
Only when the final payment has been paid is the vehicle owned by you
Contract Hire gives you, the customer, the ability to pick your own mileage allowance for the term
For some people it’s a tried and trusted, recommended method.
Typically 10% of the vehicle cost plus ALL the vat
Until the FINAL payment has been made, you DO NOT own the vehicle.
Many people never actually own their Hire Purchase vehicle as they change it for a newer model before they’ve made the final payment!
Still confused?
Could this be the right option for you?
You’ve got a few questions?
No problem - Give us a call on 01933 461 044
We have worked with the team at V4Vans for several years now and our experience has been excellent.
The timing of van deliveries is very important for our clients and V4Vans have never let us down.
Their continuous communication with us allows us to ensure everything comes together in a managed way that delivers the right result for the end client.
I have worked with the V4Vans guys now on many vehicles and I can’t recommend them high enough!
V4Vans are very accommodating and understand the needs of our business and franchisee, delivering first class vehicles straight to our franchisees door ready to put to work.
Put simply – a pleasure to do business with!
When I decided to become a new MAC Tools franchisee I was aware the van would be key to my success.
V4Vans took me through the whole process in a professional friendly manner and delivered the van, finished to a very high specification and bang on time.
I would have no hesitation in recommending them.