Finance Solutions
Business Finance Information

We understand the importance of keeping your business moving, so whether you’re starting up, expanding your fleet or just need to replace an existing vehicle, call our sales team… we’re here to help.

In the demanding and competitive business world we live in today, it is not only essential that you choose the right vehicle for the right job, but also that you choose the best finance option to give your business the competitive advantage.

The right options

Being independent means that at Maxi Mover we work with all the leading finance providers to give you the best possible deal to suit your requirements, on time, first time, every time.

We can offer the complete range of purchase options which include:

  • Hire Purchase
  • Finance Lease
  • Contract Hire

Hire Purchase

Finance Lease

Contract Hire

Contract Hire gives you the flexibility and stability while eliminating the risks. With this option you lease your vehicle for a fixed period and for a fixed monthly rental.

finance

How Contract
Hire Works

At the start of your agreement you pay an advance rental upfront. Your monthly rentals are based on the difference between the initial value of the vehicle and its projected residual value at the end of your agreement. Therefore, only a proportion of the vehicle’s value is repaid, which avoids a large initial expense and keeps monthly payments lower. With a Contract Hire agreement, you can choose from the ‘Full Maintenance with Tyres’ option or with ‘No Maintenance’ options. This means the costs are fixed over the term of the agreement allowing you to budget easier and reducing any unexpected costs.

Contract Hire
features include:

  • Low initial deposit
  • Road fund licence included
  • Optional servicing, maintenance and tyre options
  • Reduced VAT paid by business, as monthly
  • vehicle payments can be offset against taxable profits
  • Vehicles on Contract Hire are classified as ‘off balance sheet’ funding
  • VAT efficient – businesses are able to claim 100%of the VAT back for business use

At the end of your
agreement

Simply return your vehicle with nothing more to pay, subject to it being in line with the Vehicle Return Standards, as vehicle condition, excess mileage and other charges may be payable.

Contract Hire helpful FAQ's

01   WHAT ARE THE ADVANTAGES OF HIRE PURCHASE?

There are many advantages to Hire Purchasing your next low loader van;

  • Flexible initial deposit and payments
  • Flexible payment terms (12 to 60 months)
  • Fixed repayments
  • Fixed interest rate
  • No mileage restrictions
  • Fixed payments are not subject to VAT because you pay it all upfront
02   WHAT ARE THE DISADVANTAGES OF HIRE PURCHASE?
  • You will only own the vehicle after the final “Option To Purchase” fee is paid. Until then, the Luton van is the property of the funder.
  • You are required to pay the “Option To Purchase” fee at the end of the agreement, there are no other options to choose.
  • Monthly repayments tend to be higher than other finance options because you will be paying off the full value of the van.
03   DO I KEEP THE LUTON VAN AT THE END OF THE AGREEMENT?

Yes, with a Hire Purchase you are paying for ownership of the low loader van over the agreement length. Once you pay the option to purchase fee (usually £100-£200), you will have full ownership of the Luton van.

04   DO I HAVE TO BE VAT REGISTERED?

No, Hire Purchase is available to you whether you are VAT registered or not.

05   ARE THERE ANY MILEAGE LIMITATIONS?

No, there are no mileage restrictions associated with a Hire Purchase agreement. This is because the residual value does not need to be calculated as you will own the vehicle at the end of the agreement.