Vehicle Finance
Our in house team of experts, who are all approved by the Financial Services Authority, can help you select the best method to suit you of funding your new Vauxhall or Network Q vehicle.
Finance packages can be tailor-made depending on the amount of deposit you wish to pay or according to your required monthly payment.
The various vehicle finance options available can be a very complicated subject to understand. The following information has been provided for your assistance. Our Sales Consultants are available to talk to you about all the following types of finance:
0% APR - Vauxhall Flexible Finance
Offering a more flexible solution, Vauxhall Flexible Finance provides you with a wide choice of deposit and a monthly payment to suit your needs.
Features:
- Choose your deposit (no deposit option available)
- Choose your term
- 24 – 60 months contracts
- Eventual ownership
- 0% interest
Contract Hire
Ideal for business users and people who are happy to ‘rent’ their vehicle as it provides the opportunity to easily change your vehicle every two or three years.
A trouble free, cost effective way of using a car over an agreed period of time for a fixed monthly rental, this method of funding your vehicle also has tax implications as we reclaim the VAT on the vehicle and pass the saving onto you, thereby resulting in fixed lower monthly rentals.
Contracts can be hire only or full maintenance to cover routine servicing and tyre replacement etc. At the end of the contract the vehicle is simply returned to the finance company. Up to 100% of rentals can be offset against taxable profits and, depending on the vehicle type and nature of its use, up to 100% of the VAT on the rentals can be reclaimed.
Features:
- 18- 60 month contracts
- Low entry costs (usually equivalent to three monthly rentals)
- Mileage restrictions apply
- Any vehicle - new or used (up to 12 months old)
- Vehicle does not show on Balance Sheet
- Road tax included for full contract
- Fixed costs
- No responsibility for disposal of the vehicle once the contract ends
Hire purchase
The traditional and simplest way to fund your new Vauxhall. Hire Purchase means to make a deposit, make regular payments for a fixed period up to five years and at the end of the period the car belongs to you. Even if interest rates increase, your monthly payments will remain the same.
Features:
- Used by companies who require definite eventual ownership of the vehicle
- Low deposit (usually equivalent to three monthly payments or 5-10% of the capital cost of the vehicle)
- No VAT involved
- Writing down tax allowances apply
- 18-60 month contracts
- Any vehicle - new or used
- No mileage restrictions (although the purchaser will ultimately pay for the full depreciation of the vehicle while in his possession)
Lease Purchase
Developed to enable VAT registered businesses to enjoy certain tax advantages. Lease Purchase allows the lessee to share in the profit (or loss) on the sale of your Vauxhall at the end of the contract period. The VAT reclaimed from the vehicle purchase is passed onto the business resulting in fixed lower monthly rentals. Your business can reclaim 50% of the VAT on monthly rentals and your Vauxhall will be classified as an asset on your balance sheet.
Similar to contract hire and ideal for VAT registered businesses that want to handle the administration of their vehicles. The lessee will assume responsibility for selling the vehicle at the end of the contract (instead of it being collected by the leasing company) usually to settle a pre-agreed residual payment. The lessee can potentially profit on this sale, if the sale amount exceeds the residual payment. Shown on balance sheet.
Features:
- VAT on rentals
- 18 - 60 month contracts
- Any vehicle - new or used (up to 12 months old)
- No mileage restrictions (although the lessee will ultimately pay for the full depreciation of the vehicle while in his possession)
- Low initial rental (usually equivalent to three monthly rentals)
Contract Purchase
Ideal for customers who would like the option to purchase the vehicle without taking all the depreciation risk. Similar to contract hire, the customer pays a fixed monthly payment for an agreed period of time based on an anticipated mileage. Maintenance can be included as an option. At the end of the contract the customer can pay a predetermined final payment to purchase the vehicle or simply return it to the finance company. Writing down tax allowances apply.
Features:
- Low deposit (usually equivalent to three monthly payments)
- VAT payable only on any applicable service element of the contract
- Mileage restrictions apply
- 18- 60 month contracts
- Any vehicle - new or used (up to 12 months old)
- Road tax and breakdown cover included for full contract
- Fixed costs
- Optional eventual ownership
- No decision on the option to purchase need be taken until the end of the contract
Personal Contracts / PCP
For private individuals who want a hassle-free and cost effective way to finance and maintain a vehicle. The individual can choose a full maintenance or non-maintenance option. A residual payment is incorporated into the contract and is payable at the end of the primary contract period, should the individual wish to acquire ownership of the vehicle. Alternatively the vehicle can be returned to the finance company at this point.
Features:
- Low deposit (usually equivalent to three monthly payments)
- Mileage restrictions apply
- 18 - 60 month contracts
- Any vehicle - new or used
- Breakdown cover included for full contract
- Optional eventual ownership
- Allows a private individual to benefit from the fleet buying power of the leasing company
- No decision on the option to purchase need be taken until the end of the contract
GAP Insurance
You may not realise it, but should your vehicle be stolen or written off following an accident, your insurance company will generally offer you a payment based on the market value of your vehicle at that time. This is often significantly less than the outstanding balance of any finance settlement and no where near enough to replace it with another vehicle like the one you’ve lost. This leaves you to find the money – often thousands of pounds to make up the difference.
GAP Insurance will pay the difference between your insurance settlement and the amount you originally paid for your vehicle – providing ample funds for a deposit on your next vehicle.*
Please ask your Sales Consultant for more information - contact us or call us now on Bridge Banbury - 08433 833844, Stratford upon Avon - 08433 833866, Evesham - 08433 833855.
* Terms and conditions apply, please refer to the GAP Policy Summary document. Bridge are an appointed representative of ITC Compliance Ltd who are Authorised and Regulated by the Financial Service Authority.
0% APR representative flexible finance available on selected models only. Finance subject to status. Terms and conditions apply. Applicants must be 18 or over. Guarantee/Indemnity may be required. Finance supplied by either Vauxhall Motor Finance RH1 1SR or Vauxhall Finance, PO Box 6666, Cardiff, CF15 7YT. ** Vauxhall Deposit Contribution excludes ADAM, Mokka, Cascada and Corsa SXi models. †24-60 month term, excluding ADAM models (24-48 month term). Offer will apply to private individuals, Vauxhall Partners and small businesses 1- 24 (purchase only, excluding B2B supported units). All other customers are excluded. Offer available on orders or registrations before 1 July 2013. Vauxhall Lifetime warranty covers lifetime ownership of first registered keeper, 100,000 mile limit. Terms and conditions apply. We can introduce you to a limited number of finance providers, commission may be received.