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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 futures finance, or a quotation please ring our dedicated finance line, 017938 63587.

Why Hire Purchase?

The simple way of financing vehicle purchase. This is where combined capital and interest is paid by equal monthly instalments over a set period. Title to the Goods remains with the finance company until all the payments have been made, when you become the owner.

There is no VAT added to the instalments and for self-employed or companies, the vehicle is classed as an asset and the interest is tax deductible.

Benefits of Hire Purchase

  • Low Initial Outlay
  • Flexible Repayment Period
  • Equity Retained
  • Write Down Allowance Offset Against Profit
  • Fixed VAT FREE Monthly Cost
  • No Mileage Restrictions
  • 100% Tax Relief on Interest Charges
  • 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 VAT only (subject to status) reclaimable for VAT registered customers, 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.

Company Asset – Because you vehicle becomes a Company Asset you will benefit from a write down allowance against profits.

Equity – You own the equity in your vehicle. Any value above the settlement figure is yours. Once you’ve made all repayments the vehicle is yours. The equity can be put back into your business or used against your next vehicle purchase.

Why Contract Hire? (For new vehicles only)

Contract Hire can be defined as a contract by which the hirer is provided with a vehicle of their choice for an agreed period, nominated mileage, for a fixed monthly rental and where the residual value, either profit or loss is borne by the contract hire company. Excess mileage above the agreed amount will be charged at a per mile basis.

Contract Hire can also include full vehicle maintenance and a relief vehicle. Payments are subject to VAT.

Benefits of Contract Hire

  • Low Initial Outlay
  • Flexible Repayment Period
  • Hassle-Free Vehicle Disposal
  • No Depreciation Risk
  • Able to Reclaim a Portion of VAT on Monthly Payments
  • Fixed Monthly Cost
  • Option to Include Full Maintenance
  • RFL Paid For Contract Period
  • Rentals can be Offset Against Profits

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 and with the option a maintenance package makes budgeting for your vehicle easy leaving you with no financial uncertainty.

Repayment Periods Choose the correct term that suits your needs.

End of Contract – Simply return the vehicle to the Contract Hire Company. Excess mileage charges will apply if agreed parameter exceeded. Charges will be made for any damage.

For Contract Hire Quotations on any New Commercial Vehicle:

Doug Western (Vans) 01793 863584

Nick Miller (Minibuses) 01249 893914

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.

M4 Van Centre, M4 Minibus Centre, M4 Trade Centre, M4 Select Cars part of the Tom Gallagher Group Ltd.

Registered in England and Wales, registered number: 4279824 | VAT number: 7582 92 492

Registered Office: M4 Service & MOT Centre, Westmead Industrial Estate, Swindon, Wiltshire, SN5 7YT.

We are Regulated and Authorised by the Financial Conduct Authority. Ref no: 665278

We are a Credit broker not a Lender.

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