FinanceCommercial Vehicle Finance Woking, Surrey
Here at Simon Howard Commercials we offer a range of flexible finance options that are easy to understand, no jargon with us. In fact we are confident that we can create a plan to help you get the most from your money. With our finance options you may be surprised at just how much you can afford. We are here to help make driving your new van a reality.
Will Hire Purchase be best for me?
- Own the vehicle at the end of the agreement
- Fixed repayments with no final balloon payment
Hire purchase is a simple, affordable way to buy your vehicle. Simply agree the term and monthly repayments, and once you've made the last payment, the vehicle is all yours.
Pay a deposit the suits your current cash flow, and repay the balance over a term chosen to meet your desired monthly budget.
Contract terms
- Repayments: from 12 to 60 months
- No maximum mileage
- Deposits from 10%
- No final balloon payment at the end of the agreement
What about Lease Purchase?
- Own the vehicle at the end of the agreement
- Reduce your monthly repayments
Lease Purchase lets you lower your monthly payments, compared to Hire Purchase, by deferring a balloon payment to the end of the agreement. The balloon is generally settled from the sale proceeds. This is great for small businesses that want to keep control of their cash flow or to be able to change vehicles sooner.
At the end of your agreement, you make a final balloon payment the you own the vehicle outright.
Contract terms
- Repayments: from 12 to 49 months
- Maximum mileage: 180,000 at contract end
- Minimum advance rentals: 1 month for new vehicles; 3 months for used vehicles
- Businesses do not have to pay VAT on the monthly repayment