Finance

New & Used Vehicle Finance

At M4 Sales, we want to make buying a commercial vehicle easy. That’s why we can offer a range of finance options so there’s something for everyone:

• Hire Purchase
• Finance Lease
• Contract Hire (For New Vehicles Only)
• Lease Purchase

Whether you’re looking for new or used, we can tailor the correct option to suit your needs.

Purchasing the vehicle of your choice couldn’t be simpler using our finance options. We have access to all the major finance houses and additional specialist lending companies to ease and assist your purchase.

With over 30 years’ experience, our Finance Department can advise you, depending on your circumstances and requirements, and put you into an agreement that best suits you.

For, without obligation, advice about your existing or future finance or a quotation, please ring our dedicated finance line, 01793 863587.

Why Finance Lease?

This is where the customer buys the use of the vehicle and not the vehicle itself. The risk remains with the customer, unlike Contact Hire. Payments are subject to VAT.

At the end of the term the vehicle is sold, if a loss is incurred the customer pays the shortfall, if a profit is made a percentage, normally 5.0%, of the profit is passed to the finance company.

Benefits of Finance Lease

• Low Initial Outlay
• Flexible Repayment Period
• Sales Proceeds Retained (subject to a handling fee, typically 5% of sale)
• 100% of the VAT Payable on the Rentals Can be Reclaimed (commercial vehicles only)
• Fixed Monthly Cost
• No Mileage Restrictions
• Rentals Can Be Offset Against Taxable Profits
• End of Contract Either Sell or Extend the Term for a nominal fee

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 Reliefs – 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.

Why Lease Purchase?

This is hire purchase, normally, with a low initial outlay, paid by an agreed number of equal monthly payments and a final payment, or balloon payment, fixed at the outset of the agreement, being paid at the end. When the balloon payment is incorporated it has the effect of reducing the monthly payment. This method is beneficial to cash flow and enjoys the same tax benefits as hire purchase.

Benefits of Lease Purchase

• Low Initial Outlay
• Flexible Repayment Period
• Equity Retained
• Write Down Allowance against Profit
• Fixed Monthly Cost
• No Mileage Restrictions
• Shown as Asset on Balance Sheet

Cash Flow – Contract Hire allows you to make a low initial outlay freeing up funds for other purposes.

Fixed Monthly Payments – Offers Peace of Mind fixed monthly payments, allowing you to budget with a fixed monthly amount.

Repayment Period – Choose the correct term that suits your needs.

No Mileage Restrictions – Drive as much or little as you wish.

Ownership – The vehicle becomes your once the final payment has been made.

Company Asset – Because your vehicle becomes a Company asset you will benefit from a write-down allowance against profit.