Company Cars
Financing your personal or company vehicle has never been easier, though the sheer number of different approaches you can now take tend to often leave the opposite impression. Though there are a large number of alternative solutions, many people tend to end up with the three favourites, contract hire, contract purchase and Personal Contract Purchase, which all provide a very different range of options. At Drake and Fletcher Business Centre we are happy to explore all the options for you and help guide you through the purchase process as efficiently as possible.
Hire Purchase (HP)A simple and familiar way to purchase a vehicle, with worthwhile taxadvantages for businesses. If ownership is a priority, this is anextremely cost effective method of borrowing. Once you’ve decidedon the vehicle for you, you choose the level of deposit you wish to payand your preferred repayment period.Personal Contract Purchase (PCP) – The flexible way to finance your Hyundai, ideal if you're looking to renew your vehicle more often and don’t want to put down a large deposit. Monthly payments are kept low because there is a final lump sum payment, covered by the value of your car at the end of theagreement. At the end of the agreement, you can choose whether tokeep, return or exchange the vehicle.Contract Hire – without maintenance – ‘An operating lease without maintenance or servicing. It is a simple and straight forward facility that can offer some businesses a tax efficient motoring package that lets you take control of your ownvehicle servicing and maintenance.Contract Hire – with maintenance – ‘Simply an operating lease that includes full maintenance and servicing. It provides a complete fixed cost motoring package,leaving you free to concentrate on running your business, and enablesyou to drive a brand new Hyundai every few years.