Funding Methods
Choosing your funding method
Contract Hire
FINANCE TAXATION ISSUES
✔ Accurate monthly budgeting
✔ Improved cash flow
✔ Minimum capital expenditure
✔ Fixed interest rate
✔ Rental allowable against taxable income
✔ VAT chargeable on rentals
✔ VAT recoverable on monthly rentals*
✔ VAT recovered on purchase cost by Finance Company & passed on to Customer in lower rental
✔ No depreciation risks
VEHICLE RUNNING REQUIREMENTS
✔ No vehicle disposal problems
✔ Reduced administration
✔ On-going advice/support
✔ Road fund licence provided
✔ Breakdown rescue cover
✔ Replacement vehicle in case of breakdown
✔ Fixed maintenance charge ##
✔ VAT chargeable on services
✔ VAT recoverable on services
✔ Optional GAP Insurance **
Contract Purchase
FINANCE TAXATION ISSUES
✔ Accurate monthly budgeting
✔ Improved cash flow
✔ Minimum capital expenditure
✔ Fixed interest rate
✔ Capital allowances available
✔ Rental allowable against taxable income
✔ Ownership of vehicle # ##
✔ No depreciation risks
VEHICLE RUNNING REQUIREMENTS
✔ No vehicle disposal problems
✔ Reduced administration
✔ On-going advice/support
✔ Road fund licence provided
✔ Breakdown rescue cover
✔ Replacement vehicle in case of breakdown
✔ Fixed maintenance charge ##
✔ VAT chargeable on services
✔ VAT recoverable on services
✔ Optional GAP Insurance **
Hire / Lease Purchase
FINANCE TAXATION ISSUES
✔ Accurate monthly budgeting
✔ Improved cash flow
✔ Minimum capital expenditure
✔ Fixed interest rate
✔ Rental allowable against taxable income
✔ Ownership of vehicle #
VEHICLE RUNNING REQUIREMENTS
✔ Reduced administration
✔ On-going advice/support
✔ Optional GAP Insurance **
Personal Leasing
FINANCE TAXATION ISSUES
✔ Accurate monthly budgeting
✔ Improved cash flow
✔ Minimum capital expenditure
✔ Fixed interest rate
✔ Ownership of vehicle # ##
✔ No depreciation risks
VEHICLE RUNNING REQUIREMENTS
✔ Reduced administration
✔ On-going advice/support
✔ Breakdown rescue cover
✔ Fixed maintenance charge ##
✔ VAT chargeable on services
✔ Optional GAP Insurance **
Outright Purchase
FINANCE TAXATION ISSUES
✔ Accurate monthly budgeting
✔ Improved cash flow
✔ Minimum capital expenditure
✔ Capital allowances available
✔ Ownership of vehicle # ##
VEHICLE RUNNING REQUIREMENTS
✔ No vehicle disposal problems
✔ Reduced administration
✔ On-going advice/support
✔ Road fund licence provided
✔ VAT chargeable on services
Personal Contract Hire
FINANCE TAXATION ISSUES
✔ Accurate monthly budgeting
✔ Improved cash flow
✔ Minimum capital expenditure
✔ Fixed interest rate
✔ Rental allowable against taxable income
✔ No depreciation risks
VEHICLE RUNNING REQUIREMENTS
✔ No vehicle disposal problems
✔ Reduced administration
✔ On-going advice/support
✔ Road fund licence provided
✔ Breakdown rescue cover
✔ Replacement vehicle in case of breakdown
✔ Fixed maintenance charge ##
✔ VAT chargeable on services
✔ VAT recoverable on services
✔ Optional GAP Insurance **
# At end of contract with financing products. ## Optional.
* 50% of the VAT relating to the finance element is receoverable if private use. 100% if only business use. 100% if the service element VAT (on contract hire only) is recoverable if business use.
** GAP insurance covers the short-fall between the write-off & value at time of loss.
Cartek Vehicle Solutions.
Unit 6 Hersham Farm Business Park
Longcross Road, Longcross
Surrey KT16 0DN
Tel: 01483 799499
Email:
info@cartek.co.uk
Mark Wells T/A: Cartek Vehicle Solutions (FRN: 765618) is an Introducer Appointed Representative (IAR) of Meridian Finance Partners Ltd (FRN: 661646) which is authorised and regulated by the Financial Conduct Authority. Registered with the BVRLA number 2278.
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