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When purchasing a new van from Yeomans PEUGEOT, it is important that you choose the best finance option that is most suitable for you and your business. We have a number of finance options available but understand it can often be overwhelming deciding which one is best for you.
At Yeomans PEUGEOT we have a number of finance packages available including, Hire Purchase, Van Leasing and Contract Hire. Find out more about our finance options below.
✓ You will own the van at the end of the agreement
✓ Fixed monthly payments for a set term
✓ Deposit required
With a Hire Purchase agreement you will own the van at the end of your agreement, you simply pay a deposit then monthly payments until the end of the agreement, by which time you will acquire ownership of the van. During the contract you will not have any mileage or damage restrictions, but you will be responsible for the servicing and maintenance of the vehicle.
Deposit is usually the full VAT (20%) of the vehicle's value, although you can pay more if you would like to reduce your monthly payments. The repayments will be fixed and payable over a term of between 2 to 5 years.
✓ Flexible payment schedule
✓ Payments deducted to reduce taxable profits
✓ New van every few years
Van leasing offers flexibility, perfect if you want flexible rental term, fix the monthly cost or to change your van every few years. You will usually pay a minimum of 3 monthly rentals in advance, although you can choose what you pay to adjust your monthly rental.
You can choose your rental term between 2 to 5 years, and at the end there will be a final balloon rental option which can be paid off by the sale of the van.
✓ Fixed monthly payments
✓ Payments deducted to reduce taxable profits
With Contract Hire you will not own the vehicle at the end of the agreement, it is a package designed around convenience you will avoid servicing, maintenance and depreciation costs. You will make fixed monthly rentals for the duration of the rental contract and the vehicle must be returned in a good condition at the end of the agreement.
You will pay an initial rental at the beginning of the agreement, this payment is flexible and you can choose to pay between 3 and 12 times the monthly rental. The monthly rental will be a fixed amount based on your chosen annual mileage and length of contract (between 2 to 5 years). Within the agreement there will be mileage and use restrictions.
If you would like to discuss the finance options further, please contact a member of our team today at Yeomans PEUGEOT
| YEOMANS PEUGEOT EASTBOURNE | 01323 500 666 |
| YEOMANS PEUGEOT WORTHING | 01903 255602 |
Finance is subject to status. #29839