Funding Company Car Purchases
GK Group have a team of Business Specialists who can advise you in all aspects of running cars and vans for your business. Below is a brief outline of funding options available to business users.
Contract Hire
A total fleet management service that’s totally tailored to your needs. Contract Hire is a sure way to keep a full quota of vehicles on the road every day.
Benefits:
- Budget payments that are 100% predictable
- No need to take into account lifetime depreciation, ongoing maintenance and ultimately, disposal
- Fixed Monthly rental gives total budgetary control
- Vehicle is off balance sheet
- A network of supporting services remove day to day risks of fleet management
- At the end of the contract, your vehicle is simply returned to Ford
Flexible Lease
Low-cost and simple to amend, Flexible Lease minimises company commitments. This lease plan simply funds the use of your chosen vehicle. As your company leases the vehicle, monthly rentals are tax deductable*. Variable payment patterns, including low initial rental, are available, so you benefit from low capital outlay.
Benefits:
- Possibility to extend the primary period of the lease into a secondary period with nominal annual rental
- After the first twelve months the lease can be terminated whenever you wish
- At the end of the agreement you can sell the vehicle as our agent or return the vehicle to Ford Credit to sell. The proceeds less any monies owed to Ford Credit will be returned to you as a refund of rentals
- The vehicle is shown on your company balance sheet as a fixed asset
- Balloon Lease plans are also available.
*subject to certain restrictions
Conditional Sale
Straightforward and cost-effective, Conditional Sale gives you the power to build up your fleet with minimum effort.Choose Conditional Sale and your monthly payments will eventually result in ownership of your vehicle. Low deposit terns make ownership even more accessible.
Benefits:
- Payments are fixed
- The vehicle is shown on your company balance sheet as a fixed asset
- Your existing bank credit lines remain open
- Balloon Conditional Sale is also available. Reduce your monthly payments by substituting a large, final balloon payment at the end of the agreement.