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Finance section

We offer a financial service to match your needs and requirements.

Here at CarLeaseContracts we offer a dedicated service to meet the requirements of both individuals and businesses, however large or small.

Our aim is to help you select the most suitable finance plan we can then tailor a package to match your needs.

As you can see our extensive range covers all the requirements you may need.

What we have available. Hire Purchase

Hire purchase is frequently the first choice for many people when financing their new vehicle, and is easy to understand.

Hire purchase is straightforward and easy to use:
  1. Pay your agreed deposit prior to delivery.
  2. Repay the balance as fixed monthly payments over an agreed number of months.
  3. At the end of the period, and subject to all payments having been made including the final option to purchase fee the vehicle is yours to keep, sell or trade in for a new vehicle.
This is as easy as ...1...2...3

Personal Contract Plan PCP

Personal Contract Plan or PCP as it is more commonly known is a flexible way of funding your new car. It gives you flexibility in the size of deposit you pay, the length of your agreement, and also the choices you are offered at the end of the term, what is more because the funder sets the vehicles minimum future value (the final payment) up front, you benefit from reduced monthly payments right from the start.

PCP is flexible because it can be tailored to meet your requirements and circumstances, deposits can start from the equivalent of one monthly payment in advance.

A choice can be made about the length of your agreement any month between 12-48 can be chosen, and the contract mileage up to 25,000 miles per annum or 80,000 throughout the entire agreement.

The key to PCP is to match the monthly payments to your motoring budget, this is achieved by setting aside a final payment which is a proportion of the cars present value at the start date of the contract, which becomes payable at the contract end.

You then have 3 options at the end of the agreement
  1. All or part of the difference if any between the final payment and your vehicle trade in value can be used towards the deposit on your next vehicle.
  2. The final payment (including the option to purchase fee) can be paid and you can simply keep the car.
  3. You can decide to hand back the car to your finance provider, and providing all the obligations of your agreement have been met you will have nothing else to pay.
The main benefits at a glance Contract Hire

Contract hire is frequently the first vehicle financing choice for businesses. Contract hire is available on 12 to 48 months terms.
The level of the monthly payment is calculated according to...
  1. The value of the vehicle
  2. The initial rental
  3. The length of the rental period (12 to 48 months)
  4. The agreed annual mileage
  5. The exact package to suit your needs
After the agreed period you return the vehicle and there is nothing more to pay as long as all payments are met and all terms and conditions of the contract have been met.

Taxation, legislation and accounting practices are subject to change and current business allowances can be changed at any time, for guidance you should contact your own financial advisor in these regards.

All payments are plus VAT which currently is set at 17,5%

Finance Lease

Finance leasing is a long established vehicle financing method for businesses and business users alike; it can offer significant tax advantages and can benefit cash flow.

Once the lease period of usually between one to four years is agreed, the business pays an advance payment equal to between three and six monthly rentals. The choice is then made to spread the remaining balance over the remainder of the period or choose to have a larger balloon rental at the end of the term. This has the effect of keeping the monthly rentals lower, tax legislation also helps to keep finance lease costs lower as you may be able to reclaim up to 50% of the vat on the monthly rentals, if you are a registered business user with an amount of private mileage.

The level of the monthly rental is determined according to,
  1. The value of the vehicle
  2. The initial rental (3 to 48 months)
  3. The length of the repayment period (1 to 4 years)
  4. The amount of the final balloon payment at the end of the arranged period
After the arranged period the vehicle is the property of the business subject to the terms of the contract being met.

Taxation legislation and accounting practices are subject to change and current business allowances can be changed at any time, for specific guidance you should contact your own financial advisor in these regards.

Please contact us for further information