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AutoEase have the experience to advise you through the complexities of finance choice to enable you to get the most advantageous solution to your business. Factors we will consider in this process are:

  • Vat
  • Tax Efficiencies
  • Ownership Risks / Issues
  • Deposits
  • Monthly Cost / Cashflow
  • Debt Liability
  • On / Off Balance Sheet
  • Administration / Control
  • Resale / Disposals
  • Year End Timing

Please see attached chart which gives you an overview of product features. However please feel free to contact us to obtain further in depth information.

  Contract Hire Contract Purchase Hire/Lease Purchase Finance Lease PCH/PCP Outright Purchase
Accurate monthly budgeting X X X X X  
Improved cash flow X X X X X  
Low Deposit X X   X X  
Fixed interest rates X X X X X n/a
Capital allowances available   X X   n/a X
Ownership of vehicle   Optional X   Optional X
VAT recoverable on rentals X (1)     X (1)    
VAT recovered by lease company to reduce rental X     X    
No depreciation risks X X     X  
Note 1: Only 50% of the VAT relating to the finance element is recoverable if there is private use of the vehicle. If the vehicle is only used for business purposes 100% of the service element VAT is recoverable on contract hire only.

Running the Vehicle

  Contract Hire Contract Purchase Hire/Lease Purchase Finance Lease PCH/PCP Outright Purchase
Vehicle disposal X X     X  
Reduced administration X X Optional Optional X Optional
Road fund licence provided X X     X (2)  
Breakdown cover Optional Optional Optional Optional Optional Optional
Relief vehicle Optional Optional     Optional  
Fixed charge maintenance Optional Optional     Optional  
Payment Protection Optional Optional Optional Optional Optional  
VAT recoverable on services X X     X (2) X
Optional GAP insurance X X X X X  
Note 2: Road fund licence is provided for the first year only.