Dews Motor Group Ltd

LEASE PURCHASE

A modern way of acquiring company vehicles with advantages over Hire Purchase. Initial payments are low and a wide range of tailor made plans are available to suit individual requirements. Unlike Hire Purchse you do not have to find the entire cost of the vehicle. You agree with the Finance Company an estimated value of the vehicle at the end of the period based on mileage covered and pay monthly on the basis of the difference between that figure and the new vehicle’s cost. The balance is payable at the end of the contract.

For Against
  • Fixed budgeted costs help planning ahead
  • Initial payment requirements are low
  • A new ‘credit line’ for your business is established
  • You can purchase the vehicle at the end of the period
  • There are tax advantages. Full capital allowances (of up to a maximum of £3,000 p/a) and interest charges are allowable against corporation tax
  • Guaranteed buyback finance scheme available, covering final payment
  • Other costs – servicing and repairs – must be budgeted for
  • You either have to keep the car or dispose of it yourself
  • The residual value risk is with the user (unless you have chosen a guaranteed buyback finance package)
Alfa Romeo Brera

Find out if Dews is for you:

CONTACT US

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