Vehicle and Car Finance Options
Driven Leasing are in a strong position to not only offer Contract Hire and Leasing deals to their clients, but also to help with all vehicle finance through Finance Lease, Hire Purchase and Lease Purchase.
Hire Purchase and Lease Purchase
For non-VAT registered businesses or individuals that want
eventual ownership of the vehicle.
This type of lease is essentially a funding agreement where
ownership is acquired when all the payments, including the option
to purchase price, 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; this will be in accordance with the anticipated
value of the vehicle.
If ownership is not essential and the business is VAT registered, Contract Hire would be better value for money.
Finance Lease
Ideal for VAT registered businesses that want to handle the admin 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.