Leasing Options | Xinc Vehicle Finance

Personal Contract Hire (PCH)

Fixed regular rentals make budgeting easy. Optional maintenance package means fewer worries. There's no need to be concerned with depreciation or the future value of the car. You don't have the responsibility of selling yourvehicle at the end of the agreement.

How PCH Works
You decide on the vehicle you want. You choose the hire period that's right for you. We agree on your maximum annual mileage. We agree a regular rental to suit your budget*. At the end of the agreement, the finance company arrange the collection of your vehicle.

Personal Contract Purchase (PCP)

You can change your vehicle for another one every two to four years. Your car has a Guaranteed Minimum Future Value. The final payment at the end of your agreement means you benefit from reduced regular payments. Fixed regular payments make it easy to budget. At the end of your agreement you're free to choose from three options - part-exchange your vehicle for another one, keep it or return the car to the finance provider.

How PCP works
You choose the vehicle you like. You choose the repayment period that's right for you. We agree a maximum annual mileage with you. The finance company decide a Guaranteed Minimum Future Value for your vehicle, which becomes the optional final payment. We agree a deposit and a regular payment to suit your budget. At the end of your agreement you have the flexibility to choose one of three options - part-exchange your vehicle for another car, keep it or return the car to the finance company.

Benefits to a company of Contract Purchase

More funds stay in your business because you can avoid an excessive initial outlay. Fixed regular payments mean you always know what you'll be paying, so it's easier to budget. Your regular payments don't incur VAT. The interest you pay is allowable against tax. Your vehicle is classified as an asset on your balance sheet. A proportion of its value can be written down against profits. At the end of the agreement you have the flexibility to choose from three options - part exchange your vehicle, keep it or return the car to the finance company.

Benefits to a company of Contract Hire

Your regular rentals are lower because the finance company pass there VAT savings on to your business. Your business can reclaim up to 50% of the VAT on your regular rentals. Fixed regular rentals together with optional maintenance packages make it easier to budget. Your business can reclaim up to 100% of the VAT on the maintenance charges. By avoiding an excessive initial outlay more funds stay in your business. Your business doesn't have to worry about reselling the car at the end of the agreement.

For other types of leasing please feel free to call Xinc on 0845 0951999
or email mail@xincvehiclefinance.com

 

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