| |
 |
 |
|
|
|
| Thursday, 24 Jul 2008 11:43 am |
|
|
|
|
|
All Our Contracts Explained |
| |
Unlimited Mileage Contracts
Unlimited Mileage is a contract that simply finances the purchase of the vehicle. VAT on the purchase is reclaimed by the Funder, which means the monthly payments are net of VAT, which in turn lowers the cost to you. This type of agreement can be terminated early and so gives you greater flexibility to upgrade your vehicle early. At the end of the term you can keep the vehicle or sell the vehicle in line with the lease agreement and benefit from the equity still in the vehicle.
Benefits to you from our Unlimited Mileage Contracts:
- Low payments
Because our stock of vehicles are high quality late low mileage pre-owned, or pre-registered you benefit from low payments. Because the rentals are based on the cost of the vehicles excluding vat you benefit from even lower payments
- 99% Credit Acceptance
The underwriting considerations for our contracts are less stringent than Contract Hire so nearly always the deal gets done
- In Stock and available for delivery now
We advertise physical stock that is available for delivery, so there are no frustrating factory orders. If you need the vehicle now you get the vehicle now
- Easier to upgrade during term
This type of agreement can be terminated early and so gives much greater flexibility to upgrade your vehicle when you need to.
- Keep the van
At the end of the term you can keep the vehicle or sell the vehicle in line with the lease agreement and benefit from the equity still in the vehicle.
- Free delivery within mainland UK
We deliver all vehicles free of charge to you within mainland UK
- Unlimited Mileage so NO damage charges
At the end of the contract there are no charges for damage to the vehicle. This means if the vehicle has been well used as a workhorse for your business you will not be faced with any unexpected bills at the end of the agreement
- Unlimited Mileage so NO excess mileage charges
At the end of the contract there are no excess mileage charges. This means if your circumstances change during the agreement you WILL NOT be faced with potentially high end of contract excess mileage charges.
Contract Hire Agreements
Contract hire is a fixed term agreement with a pre-determined annual mileage. You can make your vehicle budgeting more certain by including all running costs such as road fund licence, service and maintenance, breakdown recovery, tyres batteries and exhaust replacement.
Benefits to you from Contract Hire:
- Rentals are tax deductable
The rentals are an expense against your business and can be offset against your tax bill.
- Only low deposit required
Generally the deposit required is low. It can be as little as one monthly rental but more normally it is equivalent to three months.
- Can budget for all your monthly motoring costs
Because all running costs such as road fund licence, service and maintenance, breakdown recovery, tyres batteries and exhaust replacement can be included in the monthly rental it is a great way of accurate monthly budgeting for your vehicles.
Personal Agreements
An individual can benefit from some of the highlighted points above. To calculate the cost for a personal contract simply add vat to all rentals advertised on our site. |
|
|
|
|
|
|
| All information contained in this website is current at the time of publication and whilst the greatest care has been taken over its compilation, EFL Limited cannot be held responsible for any errors or omissions. All photographic images and media streams are for demonstration purposes and may not depict the relevant model. |
|
© Copyright EFL Ltd 1999 - 2008. All rights reserved. |
|
|
|
|
|
