VAN LEASE DEALS 01202 496036
THE UK VAN FINANCE SPECIALISTS
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Used van leasing is a simple finance purchase package designed to be of benefit to the business user. In the eyes of the Revenue it is a hire agreement but these days the terms of the lease and the guarantee to return the customer either 100% or 95% of the vehicle's value following its sale make it an ownership plan in all but name. Given that there are advantageous tax rules relating to leasing and that the customer has the control and benefit of the vehicle's value at the end of the lease it is not surprising that commercial vehicle dealers find it the most popular form of business finance. |
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There are a number of real benefits to leasing. Firstly, for all customers, whether or not they are VAT registered, there is a substantial cash flow advantage straight away. When paying cash, or on Hire Purchase, the Vat on the vehicle is due immediately. Obviously, the more expensive the van the bigger the burden - £1750 on a £10,000 van. When a van is leased the VAT is due only on the deposit. Since the deposit can be as little as 10% of the vehicle value this initial VAT burden on a £10,000 van can be as low as just £175 - a cash flow advantage of £1575. Of course, VAT still has to be paid and is then levied on the monthly payments, spreading the burden over the length of the agreement. Also, should you subsequently register for VAT then this is fully reclaimable in the normal manner. For the customer who is VAT registered this cash flow advantage lasts as long as it takes to complete the next VAT return, i.e., up to a maximum of 4 months. Secondly, normal lease payments are tax deductible in full in the tax year in which they are made. This means a 40% taxpaying sole-trader will be able to claim 40% of this payment back against his tax bill. For this reason many accountants will advise their clients to lease wherever possible. Call
Stuart on
01202 496 036
to find out more about our range of flexible finance
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At The van finance company we are Licensed Credit Brokers for all forms of finance. If you have had Hire Purchase before and wish to do so again we will be pleased to work out some proposals for you - we are known to offer the best purchase package in the Country whatever the form of funding. Call us today and discuss this service with a sales advisor |
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Yes - all of the
finance plans we offer can be settled early or upgraded
with a new or newer van. Arranging this is as
simple as telephoning us with an outline of your
requirements and we will be able to advise you within 2
minutes.
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What happens after I take
delivery?All of our new vehicles come with a manufacturers warranty and your local franchised dealer will be happy to help you should you have any problems. They will also service your vehicle in line with manufacturers recommendations.
Used Vehicles:Used vehicles purchased from us are all covered with an Auto Protect 12 Month warranty which can be used at any VAT registered garage in the UK.
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Before taking delivery of your vehicle you will need to supply us with the following:-
Your insurance cover note
Your outstanding payment (This can be made by credit card, debit card, bankers draft, telegraphic transfer or cheque) If you are purchasing your vehicle using a finance package you will also need to supply:-
(all documentation returned by registered post) |
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