CHOOSE THE PLAN TO SUIT YOUR NEEDS
Whether you are a small start-up business or large established company, when it comes to choosing a vehicle finance plan the options seem endless. And, as your business changes, so may your financing requirements, which often only adds to the complexity of choosing the right vehicle finance option for your business.
Because we understand that no two businesses are the same, RENAULT BUSINESS FINANCE offers a wide range of finance schemes and products to suit the specific needs of every type and size of business. Your RENAULT dealer can discuss your requirements with you in greater detail, but to help you better understand your options, this brochure focuses on three key business finance types:
RENAULT CONTRACT HIRE
This is a simple, peace of mind package designed for business car users. It removes much of the financial uncertainty and the administrative burden, leaving you to concentrate on running your business.
How the plan works:
You make an initial payment, followed by a fixed number of rental payments over the remaining period of the contract. At the end of the agreement you simply hand the vehicle back and there is nothing else to pay (subject to mileage and condition)
- Fixed monthly rentals for ease of budgeting
- Reduced motoring costs – our purchasing power means volume savings are passed to our customers
- Full maintenance package (optional)
- Accelerated taxation relief and VAT benefits
- Low initial payment, not tying up working capital
- No depreciation risk
- Hassle-free disposal of the vehicle
RENAULT BUSINESS LEASING
Often referred to as Finance Lease, a popular choice where all the VAT and Tax benefits are realised and there is a share of the sale proceeds at contract end. Ideal for companies who want to handle the administration and deprecation, with no mileage restrictions or any potential end of contract charges.
How the plan works:
You make an initial payment then pay a fixed number of rentals over the remaining period of the agreement. At the end of the lease you can either enter into a further 'secondary' period of hire or dispose of the vehicle on our behalf and retain the majority of the proceeds.
- Fixed monthly rentals for ease of budgeting
- Lump sum or number of rentals as advance payment
- Option to extend agreement into a 'secondary' period for a nominal annual fee
- Option to include a deferred sum/final 'balloon' payment to keep monthly costs low
- Accelerated taxation relief
- Potential VAT relief
RENAULT HIRE PURCHASE
Hire purchase(HP) is the traditional way of funding a new vehicle. You pay a deposit to suit your budget, then the remainder of the balance over an agreed period. After the contract is finished, the car is owned by you
How the plan works:
You pay an initial lump sum in advance then pay for your vehicle over a pre-agreed period in fixed monthly installments. To keep payments low, you can defer a proportion of the purchase price to the end of the agreement. This is known as the final (balloon) payment.
- Fixed monthly rentals for ease of budgeting
- Minimal sum as initial deposit
- Monthly payments not subject to VAT
- No mileage restrictions
- Option to include a deferred sum/final 'balloon' payment to keep monthly costs low
- Taxation benefit from writing down allowance
- Any equity retained by the customer
