Are you looking for vehicle contract purchase?
Vehicle Contract is the perfect solution if you prefer to own your vehicles, but still require the predictable payment schedule of Contract Hire.
What does Vehicle Contract Purchase offer?
- The opportunity of purchasing a vehicle with some of the protective benefits of hiring.
- Versatility and flexibility.
- Regulated cash flow.
- Control over disposal or depreciation problems.
- Enhanced budgeting.
How does it work?
You choose a vehicle and a minimum ‘future value’ is set for what the vehicle should be worth at the end of your agreement. The ‘future value’ of the vehicle reduces the monthly repayment as a large proportion of the vehicle’s value is deferred for payment until the end of your contract.
What happens at the end of the contract?
You may keep the vehicle by paying off the agreed ‘future value’ - any profit achieved at this point belongs to you (this option include part exchanges).