FINANCE AT E S HARTLEY

HIRE PURCHASE - THE SIMPLEST WAY TO BECOME A CAR OWNER

With Hire Purchase, you pay a deposit. The actual amount is negotiable. The remaining amount (plus interest charges) is repaid in regular monthly payments. You can also choose from fixed or variable interest rates.

Main benefits:

• Ownership of vehicle
• Flexible deposit
• Repayments over a fixed period
• Fixed or variable interest rates
• Repayments in advance or arrears

Benefits to business:

• Payments not subject to VAT
• Interest may be allowable against taxable profits
• Writing down allowances are claimable
• Vehicle appears as an asset on the balance sheet
• Additional line of credit

HIRE PURCHASE - WITH BALLOON PAYMENT

You pay a deposit and you own the vehicle at the end of the agreement period. However, by opting to make a "balloon payment" at the end of the agreement your monthly payments are significantly reduced.

Main benefits:

• Reduced monthly payments by opting for a final balloon payment
• Flexible deposit
• Ownership of vehicle
• Repayments over a fixed period
• Fixed or variable interest rates
• Repayments in advance or arrears

Key Business Benefits:

• Payments not subject to VAT.
• Interest may be allowable against taxable profits.
• Writing down allowances are claimable.
• Your Car appears as an asset on the balance sheet.
• Additional line of credit

OPERATING LEASE - THE RISK FREE OPTION

With Operating Lease your vehicle is hired to you for a fixed period. Monthly payments are based on the difference between the price of the vehicle at the start of the agreement and its projected residual value, plus finance charges. Thus only a proportion of the vehicle’s value is repaid, which avoids any large initial outlay and reduces the average monthly payment.

At the end of the lease period, the vehicle is simply returned, thus freeing you from any further obligations (apart from an excess mileage charge if the estimated mileage has been exceeded or damage charges over and above fair wear and tear [for further information please contact us).

Main Benefits:

• Eliminates capital expense through use of vehicle without ownership
• Improved cash flow with fixed monthly rentals
• Off balance sheet finance
• Rentals allowable against taxable profits (proportionally)
• Reduced monthly rentals
• No worry or risk at the end of the agreement as you just give it back

PERSONAL LEASE - A FLEXIBLE SOLUTION

A flexible solution whereby the car is hired to you for your chosen period and mileage with the option of including servicing and maintenance in a fixed rental. The risks of ownership are carried by the manufacturer.

The car's projected residual value at the end of the lease period is determined.

Monthly rentals are based on the difference between this and the Car's price at the start of the agreement, plus finance charges.

At the end of the lease period, you return the car without the worry of disposal (subject to excess mileage or damage charges).

Main Benefits:

• By including a residual value guaranteed by Jeep, your monthly rentals are reduced.
• Peace of mind to give you a fixed monthly outgoing covering depreciation and all of your selected services