Contract Purchase

Happy CustomerStructurally similar to contract hire, contract purchase enables customers to make fixed monthly payments. However, with contract purchase the customer has the option of retaining and owning the vehicle at the end of the contract. Contract Purchase is ideal for companies that utilise high value cars and want funding flexibility along with the opportunity to own the vehicle without the residual risk. A guaranteed residual value, which enables lower monthly payments, is set by Network at the start of the contract, which gives the customer two options by the end:

1. Hand the vehicle back
2. Keep the vehicle by paying the outstanding residual value and using any equity as a deposit for the next vehicle


 Key benefits:

  • The option to retain the vehicle at the end of the contract – without any depreciation risks
  • Choosing vehicles with CO2 emissions below 160gm2 will, from April 2009, result in 20% more in capital allowances than other vehicles, and 10% for those above 160gm2
  • Road Fund Licence is provided for the full term of the contract
  • The convenience of a full maintenance service, at a fixed monthly cost, is optional

 

For more information or to discuss your circumstances please get in touch on 01825 720900 or sales@neva-consultants.com