With over 30 years’ experience, we are committed to building long-lasting relationships, offering expert guidance, and delivering exceptional value to our clients through our comprehensive range of services.
What we offer
Hire Purchase (HP)
Hire Purchase is a conventional financing approach used for acquiring vehicles and assets. Under this method, the cost of an asset can be paid off over its useful life. The process involves entering a Hire contract, typically 2-5yrs, with the provision to Purchase the vehicle or asset at the end of the contract term. Upon fulfilling all the monetary obligations under the agreement, the customer assumes full ownership. VAT registered customers can recover the VAT element for most assets and vehicles, except for passenger cars. However, certain VAT registered industry sectors can reclaim VAT on passenger cars, such as Daily Hire and Funeral cars if used solely for business purposes. For commercial vehicles and assets, the minimum deposit required is equivalent to the VAT amount.
Contract Purchase & PCP
Contract Purchase and Personal Contract Purchase are types of finance agreement that allows businesses and individuals to purchase a vehicle through fixed monthly payments over an agreed period, usually between 2-4 years. At the end of the contract, the customer can choose to pay a final balloon payment to purchase the vehicle outright or return the vehicle to the finance company within previously agreed conditions. Both Contract Purchase and Personal Contract Purchase offer several benefits including fixed monthly payments, flexible repayment terms, and the option to purchase or return the vehicle at the end of the contract. However, it is important to carefully consider the terms of the agreement and ensure it meets the business or individual needs and budget.
Finance Lease
The Finance Lease agreement is a form of hire contract between two parties, namely the Lessor (the lender) and the Lessee (the customer). Unlike traditional ownership the Lessee does not have title to the vehicle or asset during the lease period. However, the Lessee bears the risk and reward of the vehicle or asset, as they benefit from the proceeds of its sale, subject to a deduction for the Lessor. Typically, this deduction represents a modest percentage of the pre-VAT sale proceeds. Despite not having legal ownership, the Lessee enjoys the benefits of usage and control of the vehicle or asset during the lease term. This is an advantageous option for businesses that want to use the vehicle or asset without the financial burden of purchasing outright or increased initial deposit cashflow demands at the beginning of the contract as in hire purchase.
Contract Hire
Vehicle Contract Hire and Personal Contract Hire are popular financing options for businesses and individuals looking to acquire a vehicle without the responsibilities and costs of ownership. Vehicle Contract Hire is a type of lease agreement that allows businesses to rent a vehicle for an agreed period, typically 2-4 years, with fixed monthly payments that can includes maintenance and servicing costs. At the end of the contract the vehicle the vehicle is returned to the leasing company. It is the same for individuals. Both Contract Hire and Personal Contract Hire offer several benefits, including fixed monthly payments and flexible repayment terms. However, it is important to carefully consider the terms of the contract and ensure it meets your specific needs.
Source and Supply
Our source and supply service gives you access to a wide range of suppliers that offers several benefits to your business. Firstly, it can help reduce costs by taking advantage of any fleet terms and discounts, resulting in lower vehicle acquisition costs. Secondly, outsourcing can save time and resources by streamlining the procurement process and reducing administrative tasks. Finally, outsourcing this task can provide valuable expertise and guidance in vehicle selection, compliance and regulation. Overall, outsourcing vehicle sourcing and supply can be a cost-effective and efficient solution for businesses looking to acquire and manage vehicles.
Capital Release and Sale & Leaseback
Capital Release and Sale and Leaseback are two financial strategies that allow businesses to access cashflow by monetising assets. It involves unlocking the equity in assets such as vehicles and equipment, by refinancing them back to the customer. This provides an injection of cash while allowing the business to continue to use the vehicle or asset. This strategy can be effective in helping businesses to raise capital without disrupting their operations, may offer tax benefits and reduces the need to extend other cashflow tools, such as overdrafts, that should be used for the daily operation of the business.
Vehicle & Asset Tracker
Our Comprehensive vehicle management solution offers a range of tools to effectively oversee your fleet, prioritise driver safety, and boost profitability. With online accessibility there’s no need for extra software installation, making it simple. The system simplifies the analysis of your vehicle tracking data and produces user-friendly reports, facilitating the identification of your top performing drivers, monitoring fuel and mileage expenses, and streamlining administrative responsibilities.
Ancillary Products
The ability to use vehicles immediately upon delivery is crucial to our clients who depend upon them for their operations. That is why we offer a fitted ancillary product service that allows vehicles to come equipped with items such as internal racking, light beacons, and sign writing before delivery. By having these items installed in advance we can save businesses valuable time and resources. Our one-stop-shop solution removes the need for time-consuming administrative tasks involved in the sourcing of ancillary products, enabling your business to focus on its core operations.