Finance Options
New & Used Van Finance Options, Swindon, Wiltshire
At M4 Van Centre we want to make buying a Van easy. That's why we can offer a range of finance options something for everyone. What's more, because we are independent, we can use more finance companies than a dealer we can find the right finance for you.
Hire Purchase (HP)
A great way to finance your new van from M4 Minibus Centre
- Low Initial Outlay
- Fixed Monthly Cost
- Flexible Repayment Period
- No Mileage Restrictions
- Equity Retained
- 100% Tax Relief on Interest Charges
- Write Down Allowance Offset Against Tax
- Shown as Asset on Company Balance Sheets
Cash Flow - Hire Purchase allows you to make an initial outlay and pay the balance over a period, retaining your capital for other uses. The monthly payment is fixed allowing you to budget monthly expenditure precisely in advance.
Repayment Period Choose the correct term that suits your needs
Deposit With a minimum of only VAT (subject to status), Hire Purchase couldn't be easier
No Mileage Restrictions Drive as much, or as little, as you want.
VAT Free Monthly Payments As you pay the VAT up front there is no VAT on the repayments.
Tax Relief You can claim 100% tax relief on all the interest charges.
Ownership The vehicle becomes your property once the final payment has been received.
Company Asset Because you vehicle becomes a Company Asset you will benefit from a write down allowance of 40% in the 1st year and then 25% (maximum £3000) of the residual value can be offset against tax each year.
Equity You own the equity in your vehicle. Any value above the settlement figure is yours. Once youve made all repayments the vehicle is yours. The equity can be put back into your business or used against your next vehicle purchase.
Finance Lease
A great way to finance your new van from M4 Minibus Centre
- Low Initial Outlay
- Fixed Monthly Cost
- Flexible Repayment Period
- No Mileage Restrictions
- Sales Proceeds Retained (subject to a handling fee, typically 5% of sale)
- Rentals Can Be Offset Against Taxable Profits
- 100% of the VAT Payable on the Rentals Can be Reclaimed (commercial vehicles only).
- End of Contract Either Sell or Extend the Term
- Tax Efficient Purchase
- No Depreciation Risk
Cash Flow Finance Lease allows you to make a low initial outlay and make full use of the vehicle immediately, whilst freeing up capital for other use in the business.
Fixed Monthly Payments Allows you to budget monthly expenditure precisely in advance.
Repayment Period Choose the correct term that suits your needs
No Mileage Restrictions Drive as much, or as little, as you want.
Tax Relief You can claim 100% of the Rentals Against Taxable Profit.
End of Contract Either sell the vehicle, pay the leasing company their handling fee, typically 5% of sale proceeds, and retain the remainder, or, for a reduced rental, extend the term.
Guaranteed Asset Protection (GAP) Insurance
Guaranteed Asset Protection (GAP Insurance) offers peace of mind motoring for you and your new vehicle.
You may not realise that even if your vehicle is nearly new when its written off, the amount your insurance will pay out could be much less than the cost of the vehicle when you purchased it , and much less then the finance outstanding.
Either way, losing your vehicle could leave you seriously out of pocket.
GAP Insurance could protect you from this, and compliments your own fully comprehensive vehicle insurance.
Our GAP Insurance products are provided by Cardif Pinnacle, a subsidiary of BNP Paribas, the 7th. largest bank in the world.
Shortfall GAP Insurance
Shortfall GAP Insurance is designed to meet any shortfall between the amount your insurance company will provide, if your vehicle is written off or stolen, and the balance outstanding under your finance agreement.
Return to Invoice GAP Insurance
Return to Invoice GAP Insurance goes one step furthers and pays the difference between the amount your insurance company will provide, if your vehicle is written off or stolen, and the price you paid for the vehicle.
