PAYING FOR YOUR TRAILER
We can give you an instant financing quote, and have an FCA consumer credit reference licence (no. 718333).
Finance Lease: The Finance lease option is most popular to customers who are looking for the cash flow solution as its very flexible, with no large deposits and the VAT is spread over the monthly amounts. Typical terms for a finance lease are from two to five years, with credit approvals within 24 hours. With a finance lease you have the option to own the equipment at the end of the lease, for a nominal fee ranging from £100 to 1 month’s rental + VAT depending on the lender we are able to use for the deal.
Hire Purchase: A Hire Purchase is used mainly for hard asset deals (vehicles, machinery and equipment on wheels). The entire VAT is paid as the first payment along with a 10% deposit, however the VAT can be claimed back as long as you are VAT registered. The hire purchase terms are the same as the finance lease, with similar approval times. There is confirmed ownership at the end of the agreement for £150 + VAT.
All funders charge a document fee at the start of the agreement, and there may be an annual charge depending on the lender in question. We work with a large panel of funding lines to cover all of our customer’s needs.
NOTE: Your accountant can provide you with more information on the tax benefits.
Ross and Emma Pushman,
Coldtraila, Danemoor Farm,
Worcestershire WR13 6NL
t: 01684 311811
m: 07815 110529
Prices shown are plus VAT, and are subject to alteration due to currency and/or specification changes.
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