Dews Motor Group Ltd

HIRE PURCHASE

A ‘traditional’ method of acquiring company vehicles and one which private individuals can also use. You agree to purchase the vehicle totally over a set period of time. You pay a deposit and the Finance Company then settle the balance with the supplier of the vehicle. Your agreement is with the Finance Company, and you pay your set monthly figure to them. We can advise on the best Finance Company to suit your needs.

For Against
  • Fixed outlay each month for the vehicle purchase
  • You will eventually own the vehicle (which may be an asset or not!)
  • The tax advantages are identical to lease purchase
  • Different schemes available allow flexibility
  • Other costs – services and repairs – must be budgeted for
  • You either have to keep the vehicle or dispose of it yourself
  • The residual value risk is with the user
  • The user may use up credit lines
Vauxhall Astra

Find out if Dews is for you:

CONTACT US

For more information regarding Contract Hire and Fleet, please contact Geoff Newton on 0844 7705628.