CVSL

Contract Purchase

Thu, 07 Feb 2008 16:55:46 +0000

Contract Purchase has the benefit of fixed monthly payments with the option of ownership.

No depreciation risks.
No Disposal issues/costs.
Balance sheet Funding.
Option to acquire vehicle at a pre-determined purchase price.
Option to include maintenance.

Finance Lease

Thu, 07 Feb 2008 16:54:34 +0000

Finance Lease is an increasingly popular vehicle financing option. In a Finance Lease arrangement, the monthly rental you pay is calculated by taking into account the actual cost of the vehicle, the period you want the rental to run and the forecasted future value (residual value) of the vehicle based on the annual mileage.
A final payment which is equal to the estimated future value of the vehicle is paid at the end of the contract. At the end of the contract period, the vehicle is sold and 98% of the sale proceeds returned to you.
If you decide to use a Finance Lease arrangement for your vehicle, there are usually two different options open to you:
Firstly, you can opt to spread the pay entire cost (the cost of the vehicle and interest payments) in agreed monthly installments spread over the period of the lease agreement.
Secondly, you can choose to make deferred payments. In this situation you make lower monthly installments but then make one final payment (commonly known as a balloon payment) at the end of the lease.
It’s worth noting that in a Finance Lease arrangement, you actually never become the owner of the vehicle. At the end of the lease agreement, the final balloon payment is made to the finance company and the vehicle is sold on to a third party.
Finance Lease as a vehicle funding option does have a number of benefits. Like Contract Hire, 50% (vans 100%) of the vat payments can be reclaimed and, also like Contract Hire, you can apply for certain tax allowances and the vehicle can be treated as an asset on the balance sheet. Finance Lease also gives you the option of lower monthly payments and a low initial outlay. You may also benefit from an equity resulting from the final sale of the vehicle.

Sole business use 100% vat-recoverable, 50% vat reclaimable if business/private use applies.
Flexible - Option to exchange or dispose of the vehicle throughout the contract.
On balance sheet funding, shows as an asset.
On disposal equity retained by user.
Option to include maintenance.

What are the advantages of Contract Hire?

Thu, 07 Feb 2008 16:56:30 +0000

Contract Hire offers many advantages, especially for vat registered companies who do not wish to show their vehicles as an asset on their balance sheet.
Contract Hire allows the company to reclaim 50% of the vat on cars and 100% of the vat on vans of the Contract Hire monthly payments and 100% of the vat on any maintenance package. There are also certain tax allowances that can be utilised with Contract Hire.
With Contract Hire you no longer have to worry about the residual value of the vehicle as this is all factored into the Contract Hire quote.
There is no large initial capital outlay with Contract Hire because as your payments are evenly spread out over an agreed period (detailed in your Contract Hire quote).
Contract Hire gives you the freedom to change your cars or vans on a regular basis thus allowing you to take advantage of the latest technological developments in fuel efficiency and safety.
Finally, Contract Hire gives you peace of mind with fixed cost motoring.
If you would like a Contract Hire quote, please use our unique free instant quote system above.

What is Contract Hire?

Thu, 07 Feb 2008 16:53:35 +0000

Contract Hire is an agreement to lease a vehicle (car or van) for a set time period (and mileage) at a fixed monthly cost. The monthly Contract Hire rental amount is based upon the original cost of the vehicle, the mileage that is to be covered and the Contract Hire rental period (for example 24 months). An allowance for depreciation is also factored in to the final Contract Hire monthly cost. Maintenance packages can often be included within a Contract Hire agreement but these are not obligatory. Such Contract Hire maintenance packages would typically provide cover for all car or van servicing within the period of the Contract Hire agreement. Contract Hire agreements are usually preferred by vat registered companies,sole traders and partnerships.

No depreciation risks.
No disposal issues/costs.
Off balance sheet funding.
100% vat recoverable if sole business use applies, 50% vat reclaimable if business/private use applies.
Road fund licence is included for the term of the contract.
Option to include maintenance for the contract term.

Why CVSL

Thu, 07 Feb 2008 16:52:04 +0000

CVSL offers a comprehensive range of services which enables us to source, maintain, manage and dispose of your company vehicles (or personal vehicles) in a simple and cost effective way. We have experienced, well trained and professional staff which are individually allocated to your account giving you a single point of contact.

The company was founded over eighteen years ago, by people who know their business inside out and whose aim has always been to provide the best possible service to all CVSL’s clients, from the largest plc to the smallest one man enterprise.

To achieve that, we believe we have to spend time with each client, getting to know each individual business and its unique needs before suggesting the most suitable option. We are financial consultants with your best interests in mind and feel if we treat you right the first time, we'll have other opportunities to do business again in the future.

CVSL are able to supply a wide range of financial packages which can be tailored to meet your individual requirements.

We have built strong relationships with both manufacturers and major financial institutions enabling us to guarantee you the most exclusive rates available.

CVSL owes most of its considerable growth to repeat business, referrals by satisfied clients, and a reputation for honesty and integrity. We are continually rated as one of the nation's top vehicle leasing companies.

CVSL gives you more …

Thu, 07 Feb 2008 10:25:26 +0000

Welcome to CVSL, the unique real-time online vehicle quotation site where you can get an instant contract hire or personal leasing quotation on any make and model of vehicle within seconds.
You’ll get full access to the most powerful vehicle leasing database in the UK, updated weekly giving you the most accurate up to the minute pricing information.
If you would like to then save and compare your quotes all you need to do is register once – it’s that simple.