Finance Options
Our finance rates are some of the lowest in the UK !!! Whether you’re buying from us or not give Cost Price vans are chance to quote you for finance. How you finance your vehicle can be an important business decision.
Below is a brief guide to the various forms of finance. For more detailed information please ring our sales team on 0113 8082773 but we always advise you seek the opinion of your accountant as they know your business better than us.
Please Note RMFV is a finance broker not a lender.
Hire Purchase
- Typically 10% deposit + All VAT
- Your choice of repayment period from 24 to 60 monthsVAT deposit reclaimable (VAT registered customers)
- Interest charges can be offset against your taxable profits
- The vehicle is an asset and as such you claim depreciation against your profits
- You own the vehicle at the end of the term
Finance Lease
- Typically 3 x monthly payments + the VAT on the payments as deposit
- The Vehicle is not shown as an asset on the account which can save tax for Limited VAT registered companies.
- Repayment period of between 24 and 60 months
- Monthly payments are subject to VAT
- VAT is reclaimable if VAT registered (tax deductible if not VAT registered)
- Monthly payments are 100% deductible against taxable profits
- You can sell or keep the van at the end of the finance period (conditions apply)
- No mileage restrictions or condition penalties apply
- No final payments
Contract Hire
- Typically 3 x monthly payments + the VAT on the payments as deposit
- Repayment period of between 24 and 60 months
- Monthly payments are subject to VAT replica omega
- VAT is reclaimable if VAT registered (tax deductible if not VAT registered)
- Monthly payments are 100% deductible against taxable profits
- Fixed maintenance package to include services, repairs, tyres, dependant on contract type
- At the end of the contract, simply hand the vehicle back
- The vehicle is subjected to an inspection, where any reconditioning costs are charged to the customer
- The contract is mileage sensitive and there are charges for excessive mileage
