VEHICLES

At Southern Counties Finance
"We can source any make and model of new or used car or commercial vehicle".

By letting us source your chosen vehicle you can take advantage of the fleet discounts that we currently enjoy from many of the dealer groups that supply us.

A complete car purchase and finance package made easy.

Finance packages for business:

Hire Purchase
Lease Purchase
Leasing
Contract Hire

Phone now to help us tailor make the finance package that best suits you.


Key:- = YES = OPTIONAL = NO

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Contract
Hire
Leasing
Lease
Purchase

Hire
Purchase

Eventual ownership
Low initial outlay
Flexible rental pattern
Capital released into business
Interest charges claimable
VAT on rentals reclaimable
Off-balance sheet borrowing
Fixed or variable interest rate
Writing down allowance
Balloon payment
Rentals allowable against tax
Fixed budgeting
Inclusive maintenance costs
Relief vehicle
No disposal problems
No depreciation risk
Finance not subject to VAT

Hire Purchase

An initial deposit is followed by equal monthly instalments over a set period. Once all the payments have been made the customer will own the vehicle. Interest rates can be either fixed or variable.


Lease Purchase

A low initial deposit is followed by monthly payments over 2,3 or 4 years with a larger final payment. At the end of the agreement the customer will own the vehicle. Lease Purchase is available to both business and private customers.


Leasing

Only available for business users. It is a rental product where low monthly rentals and a large final (or 'balloon') rental are agreed. A small number of monthly rentals will be paid in advance. At the end of the agreement the customer arranges to sell (or part exchange) the vehicle on behalf of the Lessor and the Final Rental is settled by this transaction. The customer is however liable for any shortfall, but receives a refund of any excess. Alternatively, the customer can choose a Full Pay-out Lease where there is no Final Payment. At the end of the agreement the customer either arranges to dispose of the vehicle (as above) or may enter into a secondary period of hire for a nominal (or 'peppercorn') annual rental. Either way, at the end of the hiring period the customer receives a full refund of sale proceeds, less a small retention by the Lessor. The customer cannot own the vehicle under a Leasing Agreement.


Contract Hire

This is a rental product available for business users. The monthly rental is fixed and based on the period of hire, anticipated annual mileage, vehicle price and residual value. The customer has no negotiation over the vehicle price and the residual value. The minimum initial payment is normally 3 months rentals, and Service and Maintenance cover is optional. At the end of the agreement, the customer returns the vehicle with no further liability, subject to mileage and vehicle condition.


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