Finance

Hire Purchase

If ownership is a priority then this is a cost-effective route to purchasing your vehicle

  • Low Deposit - Vat Only
  • Flexible Repayment period - up to 60 months
  • Fixed Monthly Repayment aids budgetary control and cashflow
  • Monthly repayments are vat free
  • VAT deposit reclaimable (VAT registered customers)
  • 100% of interest charges can be offset against taxable profits
  • Vehicle is an asset on your balance sheet and benefits from writing down allowances
    Year 1 - 50% Year 2 - 25% Year 3 - 25% etc...etc...
  • Ownership of vehicle will pass when the agreement is completed
  • Ideal for those who require ownership of the vehicle

Finance Lease

This facility provides the customer with the benefits of ownership with minimum deposit and maximum flexibility

  • Deposits are usually the equivalent of three rentals. but can be any amount whatsoever
  • Repayment period of up to 60 months
  • VAT is paid monthly, then claimed back quarterly (if VAT registered)
  • Rentals are 100% allowable against taxable profits
  • Facility can have a balloon profile, which defers a large payment to the end of the contract - thus reducing monthly rental and aiding cashflow
  • Vehicle sold or part-exchanged at end of contract hirer benefits from 95% of sales proceeds (ex.VAT)
  • Ideal for non-VAT registered business users looking for low initial deposit and maximum flexibility
  • No mileage clauses

Contract Hire

Comprehensive, fixed cost solution where use of your commercial vehicle is important, but without the responsibilities of ownership. Essentially an operating lease with a full maintenance package. Mileage sensitive - be careful!

  • Deposits are anything from 3 rentals upwards
  • Total budgetary control - fixed costs, as long as you stay within the mileage
  • Monthly repayments are subject to VAT - VAT recoverable
  • Rentals are 100% allowable against taxable profits
  • Fixed maintenance package to include services, repairs, tyres, dependant on contract type
  • At the end of the contract, simply hand the vehicle back
  • The vehicle is subjected to an inspection, where any reconditioning costs are charged to the customer - Ideal for VAT registered larger fleet operators.

Guaranteed Finance (What Credit Crunch)

Did you know as many as 1 in 4 people in the uk have some form of adverse credit whether it be late credit card payments, mortgage arrears, CCJs or defaults. Trying to obtain credit can be a difficult task with all the forms to fill in only to be told you failed the credit score. At Frigorent we have access to hundreds of finance companies who understand lifes circumstances and also the current credit crunch. If you need a new van and are fed up of being told no Frigorent can help. call a member of our sales team who will take your details and get you the finance and the van you need. Failing that we will finance the deal ourselves and get your new wheels on the road.

Confused ?

Are you confused by all these finance methods, don't worry, just call us for a free 10 minute Finance Consultation and we'll discuss the pro's and cons of all types of Finance, to make sure you get the best one.

For a guide to what your vehicle will cost please try our finance calculator opposite