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Contract
Hire
A popular choice for VAT-registered companies that want minimum
outlay and maximum control of costs, especially when the maintenance
and relief vehicle options are included.
With this VAT-beneficial financing package, one regular rental payment
covers all risks, including costs of depreciation and disposal,
for an agreed period of time and mileage. Road Fund Licence and
roadside rescue is included, but maintenance and relief vehicle
provision are options that can be added and charged to the rental
payment.
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Finance
Lease
Ideal for VAT-registered companies who want to handle the administration
of their vehicles, and have the asset shown on their balance sheet.
A VAT-beneficial finance option where the hirer can choose to pay
the entire cost over the agreed lease period, plus an interest charge,
or pay lower monthly rentals during the lease period with a final
payment based on the anticipated resale value of the vehicle.
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Contract
Purchase
For companies with high-value cars who would like the option to
purchase the vehicles, but dont want any depreciation risks.
The customer acquires the vehicle by paying fixed monthly instalments
with the asset being shown on the company balance sheet, and can
either retain ownership at the end of the contract or hand the vehicle
back. Contract Purchase has the added benefits of savings on maintenance
and relief vehicles, and comes with full Dial Rescue breakdown cover
and road fund licence. |
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Lease
Purchase
For non-VAT-registered companies that want eventual ownership of
the vehicle.
A funding agreement where the company acquires ownership when all
the payments, including the option to purchase, have been made.
Part of the capital cost of the vehicle payment may be deferred
into a “balloon” payment at the end of the agreement,
which equates to the anticipated market value of the vehicle at
the end of the agreed leasing period.
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Purchase
and Leaseback
For companies wishing to retain the use of their vehicles, yet generate
capital from their sale, whilst transferring to a VAT-beneficial
funding method.
If a company currently owns its vehicles, this option means Network
will purchase the vehicles for an agreed price and lease them back
using either contract hire or finance lease, according to customer
preference.
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Personal
Contract Purchase
For private individuals who want a hassle-free and cost-effective
way to finance and maintain a vehicle.
Consultation and assessment of your requirements may reveal that
Drivewise - Network's personal leasing product - is the ideal vehicle
financing solution for your business and personal needs. Drivewise
allows you to enjoy significant tax advantages and a choice of new
or used vehicle every two or three years in return for a fixed monthly
charge that is easy to budget for, as well as an all-inclusive (optional)
maintenance and breakdown package.
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