Funding Options

Contract Hire

A popular choice for VAT registered companies that want minimum outlay and maximum control over costs, especially when the maintenance and relief vehicle options are included.

With this VAT beneficial package, one regular payment covers all risks including costs of depreciation and disposal for an agreed period of time and mileage. Road fund licence is included but roadside rescue maintenance and relief vehicle provision are options that can be added and charged to the rental payment.

Contract Hire gives your business:

  • Accurate monthly budgeting
  • Improved cash flow
  • Minimum capital expenditure
  • Fixed interest rate
  • Rental allowable against taxable income
  • VAT chargeable on rentals
  • VAT recoverable on rentals
  • VAT recovered on purchase cost giving lower rentals.
  • No depreciation risk
  • No vehicle disposal problems
  • Reduced administration
  • On-going advice / support
  • Fixed interest rate
  • Road Fund Licence provided
  • Breakdown rescue cover AA/RAC
  • Replacement vehicle in case of breakdown
  • Fixed charge maintenance
  • VAT chargeable on services

Finance Lease

Ideal for VAT registered companies who want to handle the administration of their vehicles and have the asset shown on their balance sheet.

A VAT beneficial option where the hirer can choose to pay the entire cost over the agreed lease period with a final payment based on the anticipated resale value of the vehicle.

Finance Lease gives your business:

  • Accurate monthly budgeting. 
  • Improved cash flow. 
  • Minimum capital expenditure. 
  • Fixed interest rate.
  • Rental allowable against taxable income.
  • VAT chargeable on rentals.
  • VAT recoverable on rentals
  • VAT recovered on purchase cost giving lower rentals.
  • Reduced administration.
  • On-going advice / support.
  • Fixed interest rate.

Hire Purchase (HP)

Enables you to own the vehicle you desire, whilst paying off the balance by way of monthly instalments over an agreed period of time at a fixed or variable interest rate.

Hire Purchase gives your business:

  • Accurate monthly budgeting
  • Improved cash flow
  • Minimum capital expenditure
  • Fixed interest rate
  • Ownership of vehicle

Personal Contract Purchase

For private individuals who want a hassle-free and cost effective way to finance and maintain a vehicle.

Consultation and assessment of your requirements may reveal that a personal leasing product is the ideal vehicle financing solution for your business and personal needs. A personal lease allows you to enjoy significant tax advantages, a choice of new or used vehicle every two or three years for a fixed monthly charge that is easy to budget for as an all-inclusive maintenance and breakdown package.

Personal Contract Purchase gives you:

  • Accurate monthly budgeting
  • Improved cash flow
  • Minimum capital expenditure
  • Fixed interest rate
  • Ownership of vehicle
  • No depreciation risk
  • No vehicle disposal problems
  • Reduced administration
  • On-going advice / support
  • Fixed interest rate
  • Road Fund Licence provided
  • Breakdown rescue cover
  • Fixed charge maintenance
  • VAT chargeable on services

For non-VAT registered companies who want eventual ownership of the vehicle.

Lease Purchase

A funding agreement where the company acquires ownership when all the payments, including the option to purchase have been made. Part of the capital cost of the vehicle payment may be deferred into a balloon payment at the end of the agreement which equates to the anticipated value of the vehicle at the end of the agreed leasing period.

Lease Purchase gives your business:

  • Accurate monthly budgeting
  • Improved cash flow
  • Minimum capital expenditure
  • Fixed interest rate
  • Ownership of vehicle
  • Reduced administration
  • On-going advice / support
  • Fixed interest rate

Contract Purchase

For companies with high value cars who would like the option to purchase the vehicles but don’t want any depreciation risks.

You acquire the vehicle by paying fixed monthly instalments with the asset being shown on the company balance sheet and can either retain ownership at the end of the contract or hand the vehicle back. Contract purchase has the added benefit of savings on maintenance and relief vehicles and come with full AA/RAC breakdown cover and road fund licence.

Contract Purchase gives your business:

  • Accurate monthly budgeting
  • Improved cash flow
  • Minimum capital expenditure
  • Fixed interest rate
  • Capital allowances available
  • Ownership of vehicle
  • No depreciation risk
  • No vehicle disposal problems
  • Reduced administration
  • On-going advice / support
  • Fixed interest rate
  • Road Fund Licence provided
  • Breakdown rescue cover
  • Replacement vehicle in case of breakdown
  • Fixed charge maintenance
  • VAT chargeable on services
  • VAT recoverable on services

Cash Purchase

Oriel Vehicle Leasing have more than 30 years experience in the automotive business, we purchase hundreds of cars per year giving us a very strong industry presence and excellent relationships with all of the major dealers.

We are confident that we can attain extra discounts to what is normally offered, thus saving you money on your cash purchase.

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