Home > Finance Options
Vehicle Finance Options
Whether you are a company operating a large fleet of Contract Hire or Finance Lease vehicles; a driver opting out of company policy and looking for a personal Contract Purchase or an individual looking for the best vehicle finance method to suit their needs such as Hire Purchase - Sinclair Finance & Leasing offer a range of Finance Options to all clients enabling them to select the one most appropriate for their needs.
In this section we have tried to outline the differences between each of the vehicle Finance Options we offer and where the key benefits lie. The table below gives a brief overview of each finance option.
|
CH
|
FL |
PCP |
CP |
HP |
OP | |
| Accurate monthly budgeting |
x |
x |
x |
x |
x |
|
| Improved cash flow |
x |
x |
x |
x |
x |
|
| Minimum capital expenditure |
x |
x |
x |
x |
x |
|
| Fixed interest rate |
x |
x |
x |
x |
x |
N/A |
| Capital allowances available |
N/A |
x |
x |
|||
|
Rental allowable against taxable income |
x |
x |
N/A |
|||
| Ownership of vehicle |
x** |
x** |
x |
x | ||
| VAT chargeable on rentals |
x |
x |
||||
| VAT recoverable on monthly rentals |
x# |
x# |
||||
|
VAT on invoice value recovered by Finance co. and passed to customer in lower rental |
x |
x |
x |
|||
| No depreciation risk |
x |
|
x |
x |
||
| No vehicle disposal problems |
x |
x |
x |
|||
| Reduced administration |
x |
x |
x |
x |
x |
|
| On going advise and support |
x |
x |
x |
x |
x |
|
| Road fund licence provided |
x |
x** |
x** |
|||
| Breakdown rescue cover |
x |
x** |
x** |
|||
| Fixed charge maintenance |
x |
x** |
x** |
|||
| VAT chargeable on services |
x |
x** |
x** |
x | ||
| VAT recoverable on services |
x |
|
x** |
x |
** optional
# only 50% of the VAT relating to the finance element is recoverable if private use
100% of the service element VAT is recoverable in business use
Contact us for more information on any of the above finance options on
0845 124 6952 (Local rates apply)
