What are Excess Mileage and Excess Damage Charges and How to Avoid Them
Your funder can charge you for exceeding your quoted mileage and damaging your vehicle beyond what is considered ‘Fair Wear & Tear’. These […]
March 18th, 2019
There are different types of lease and we want to help you decide which one is the best option for your business.
Below you can see all the benefits of the finance options and better understand how they work.
Hire Purchase may be ideal for you if like the idea of owning your vehicle, or plan to sell it for profit once you’re finished with it.
Contract Hire may be ideal for you if want to take advantage of lower monthly payment and taxation. There is less risk, and you can hand back the vehicle once you’re finished with it.
Finance Lease may be ideal if you want the best of both worlds. You get to take advantage of low monthly payments and taxation, with more flexible contract terms. You also effectively “own” the vehicle once you’re finished with it being able to sell it and receive nearly all the proceeds.
I hope this helps you better understand the advantages of each approach, to ensure you have selected the right finance option. Don’t forget we are here to help you get the best deal according to your needs, and is very important to have in mind is our job to find you the best vehicle and payment plan to help you make a step ahead on your business.
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