VAN CONTRACT HIRE - CAR CONTRACT HIRE - VAN LEASE - NEW CARS OR NEW VANS - BUSINESS OR PERSONAL - UK SPECIALISTS.

   

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Contract Hire

Contract Hire with Cars and Vans Online is a very popular choice for V.A.T Registered companies with more than 40% choosing this Funding method nationally. It is available on both cars and vans.

Having minimum outlay and maximum control of costs coupled to the Tax advantages and reduced administration assists business to budget more accurately for their vehicle requirements. Contract Hire is available to Sole Traders, Partnerships and Ltd Companies.

Finance /Taxation Benefits

Accurate Monthly Budgeting, Off Balance Sheet, Improved Cash Flow, Minimum Capital Expenditure, Fixed Interest Rates, Rentals Allowable against Taxable Income, V.A.T Recoverable on Monthly Rentals*, No Depreciation Risks

* Only 50% of the V.A.T relating to the Finance element is recoverable if car has private usage. 100% if Business only. On Contracts with Maintenance the Service element V.A.T is Recoverable.

Vehicle Running Benefits

No Vehicle Disposal Problems, Reduced Administration, On-going Advice and Support, Road Fund Licence Provided for Duration of Contract, Optional Maintenance Package, Optional Breakdown Rescue Cover, Optional Replacement Vehicle Cover in Event of Breakdown

Optional GAP Insurance*

*GAP Insurance provides cover for the Short-fall between the outstanding Finance and the Insurance Value if vehicle is declared a Write-off by your Insurance Company. GAP INSURANCE IS OFFERED DIRECT FROM THE CONTRACT HIRE COMPANY AND NOT BY CARS AND VANS ONLINE - WE WILL GIVE YOU THERE CONTACT NUMBER SHOULD YOU REQUIRE THIS OPTION.

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Finance Lease

All finance methods fall within two categories: Owning (On Balance Sheet) or Hiring (Off Balance Sheet), Finance Lease is a HIRING method.

Finance Lease is ideal for customers who want to have all the benefits normally associated with owning a vehicle whilst maximising tax efficiencies and minimising the initial outlay (ie. LOW DEPOSIT!!). Importantly, you should note that, for income tax purposes, finance lease is still classed as a hire agreement, which means that you get 100% tax relief on your payments to offset against your taxable profits.

With Finance Lease, you pay VAT monthly and claim it back quarterly.

You simply have to agree a monthly payment and contract period, which can include an acceptable final payment, often called a “Balloon” or “Terminal Rental” (the Balloon quoted above is based on CAP Monitor, 3yrs , which will have the effect of keeping your payments to a minimum.  Payments are made monthly by Direct Debit throughout the contract term. You can terminate the agreement early, although there are of course early settlement charges but they are not as harsh as they tend to be on contract hire.

Finance Lease is very flexible, and at the end of the contract you have several options:

You can sell the vehicle to a third party, and use the sale proceeds to make the final balloon payment, if one has been included.  Any sale proceeds over and above the balloon are profit, which is shown on your books, therefore taxable.

Most of our customers, however, choose to part exchange the vehicle, and take delivery of a new one, as you retain 95% of the part exchange value. This allows you to use any surplus monies as your deposit on the new vehicle.

Alternatively you can keep the vehicle for as long as you want as long as you pay an annual nominal sum called a peppercorn rental to the leasing company. Even this payment is 100% allowable against taxable profit.

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Personal Contract Hire

Personal Contract Hire (PCH) with Cars and Vans Online is a popular product that has been especially designed for people who are opting out of their Company Car Scheme and wishing to utilise a Company Car Allowance to Finance a New car.

You benefit from the knowledge and great offers that Cars and Vans Online can negotiate with our suppliers, which allows us to offer extremely competitive rates and ensures your money will go further than you expected.

Most Rates are the same as our Contract Hire Rates but are plus V.A.T

Low Initial Payments, Fixed Cost Motoring, Optional Maintenance Package, All makes of New cars available, A letter confirming your Monthly Allowance is occasionally required, Vehicle is returned to the Finance Company at the end of Contract.

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Personal Contract Purchase

Personal Contract Purchase (PCP) is another popular method for private individuals who want a hassle-free and cost-effective way to Finance and maintain a vehicle. Any individual can apply for this funding method. (Subject to finance acceptance).

This product offers the flexibility of choosing your end of Contract Options and is available on New Cars of all makes.

Two, Three and Four Year Contracts available, Low Initial Payments (Normally 3 Months), Fixed Cost Motoring, New Cars of all makes available, Option to Purchase, Part Exchange or Return Vehicle at end of Contract.

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Van Contract Hire Van Lease Car Contract Hire Request a quote

Telephone
01254 201111
FAX
0845 280 2464
Postal address
Cars and Vans Online, RoseHeath, 7 Sutton Street, Feniscowles, BLACKBURN, Lancashire. BB2 5ES
Electronic mail
  •       bob@carsandvansonline.co.uk
  •                    OUR TERMS , CONDITIONS AND EXPLANATIONS - PLEASE READ. All van lengths and height measurements are for guidance only - please check the van is adequate for your requirements.  Business rentals are plus VAT. All cars and vans shown are for illustration purposes only. All prices are subject to change. We offer Van Contract Hire Car Contract Hire and Van Lease. All cars and vans are subject to availability. All offers are subject to being available at rentals quoted. All our cars and vans are UK supplied vehicles. All quotes are on standard specification from the manufacturer unless options are stated. Specifications given are for guidance only - please check with the relevant manufacture to check as specifications can change without notice.Offers are based on three year deals and covering 10,000 miles per annum unless stated otherwise. Excess mileage charges apply. Terms and conditions for all the relevant contracts / leases will be forwarded with the paperwork once approved for the contract / lease. Documentation fees may apply. E&OE. All deals are subject to finance acceptance. Guarantees may be required. Cancellation charges apply. Some offers are subject to the customer being VAT registered and having been trading for more than two years. Vehicles with a lot of optional extras may require a deposit before the vehicle can be ordered.
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    Proprietor Mr R S Hodgson - for full contact details click here         
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