Business Finance
Aside of Contract Hire, we offer two business finance options...
Hire Purchase - where a business wishes to purchase a vehicle(s). Hire purchase is simply a method of speading the cost of your minibus(es) over a period of typically 3-5 years, not including any maintenance or other options. If you require maintenance or other options, then please look at our Contract Hire page.
The minibus will be registered in the name of your business, which is liable for the full value of the minibus. The vehicle will appear on the balance sheet of your business and will be subject to the approved writing down allowances.
A 10% deposit is normally required, plus the full VAT. The deposit and repayment period options will depend on the age of the vehicle.
Here are three examples...
|
Minibus Price
Ex VAT
£
|
Deposit
Ex Vat
£
|
Followed by One of These Monthly Repayment Optionss
|
|
36 (3 yrs)
|
48 (4 yrs)
|
60 (5 yrs)
|
|
8,000
|
800.00
|
236.00
|
186.00
|
156.00
|
|
14,000
|
1,400.00
|
413.00
|
325.50
|
273.00
|
|
20,000
|
2,000.00
|
590.00
|
465.00
|
390.00
|
|
APR varies between 10.5 – 15%. Admin Fee £150
|
Figures are subject to interest rate fluctuations.
At the end of the finance period and when all of the repayments have been made, your business gains full ownership of the vehicle.
Lease Rental - offers enhanced cash flow to businesses as 100% of the payments can be offset against tax. Similarly, 100% of the VAT payments can be reclaimed.
All rental payments are fixed at the time of the commencement of the lease agreement. This protects you against inflation and provides easy budgeting. There are no mileage restrictions.
At the end of the rental period you return the minibus for it to be sold. After the deduction of a nominal handling fee, the proceeds from the sale are returned to you.
Here are a couple of typical examples...
|
Minibus Price
£
|
Initial Payment
£
|
Followed by One of These Monthly Payment Options
|
|
36 (3 yrs)
|
48 (4 yrs)
|
60 (5 yrs)
|
|
10,000
|
906.30
|
302.10
|
|
|
|
732.20
|
|
244.10
|
|
|
625.80
|
|
|
208.60
|
|
20,000
|
1,818.60
|
604.20
|
|
|
|
1,464.40
|
|
488.20
|
|
|
1,251.60
|
|
|
417.20
|
All of the above figures exclude VAT.
Payment profiles may be altered to suit your budget. Just let us know how we may help you.
If you would like a specific quotation for an immediate purchase or for budget purposes, please complete our online vehicle request, email your requirements to sales@minibussales.co.uk or contact Graham Thatcher on 01633 485858.
Please note - all finance is offered subject to status.
|
What Clients Say...
Thanks for all your help with the supply of our latest vehicle. Once again, your advice was sound and honest (an all too rare commodity these days) and helped us to find the best deal from a choice of new and nearly new vehicles.
Without wishing to embarrass you, I instantly liked you and your way or dealing with our company the first time we met. You’re one of the good guys we can trust implicitly to act in our best interests at all times and provide us with a truly hassle-free service. I’ve already recommended PVM to one of our clients and will be supporting you with further business for our future vehicle needs.
Howard Kirkman, Managing Director, A2Z Computing Ltd, Newport
Just a quick note to thank you for your efficient service with sourcing the specialist vehicle for us and arranging the viewing at the depot in Bristol so quickly. I had spent a lot of time over the previous two weeks ringing around everywhere with no success, and been told it would be five months wait for a new one.
I was very impressed that after I made contact with you, you got back to me within half an hour with a choice of two vehicles. Thanks also for meeting our driver at the station in Newport and having everything organised and ready for him to get on his way back to London. Next time Doveguard Construction is looking for a vehicle, the first phone call will be to Pembridge Vehicle Management.
Frank OHare, Director, Doveguard Construction Ltd, London
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