FLEET SOLUTIONS, DEALS, MANAGEMENT,
& FINANCE OPTIONS
Van Leasing, Car Leasing and Vehicle Finance Solutions
Contract Hire
What it is?
A long-term rental agreement (sometimes known as an ‘operating lease’)
Who it’s popular with?
VAT-registered companies
How long it lasts?
24 to 60 months, depending on business requirements
Is it available with maintenance?
Yes
Additional points:
- VAT-registered companies can claim back 50% of the VAT (blocked VAT) on the finance element for cars and generally 100% for commercials (as long as there is no private use or exempt turnover and they are not on the Flat Rate VAT Scheme)
- On contracts with maintenance, the VAT on the service element is 100% recoverable
- One of the major benefits is that there are no disposal worries, as the future value is underwritten by the leasing company
- If you exceed the agreed mileage at the end of your contract, you will pay an excess mileage charge. This will have been agreed before you sign your finance agreement
Personal Contract Hire (PCH)
What it is?
A fixed-term contract where customers pay an agreed monthly rental for a set period
Who it’s popular with?
Customers who don’t want the financial risk associated with selling a vehicle
How long it lasts?
Typically, it lasts for two, three or four years – though contracts can be formally extended for longer
Is it available with maintenance?
Yes
Additional points:
- If you exceed the agreed mileage at the end of your contract, you will pay an excess mileage charge. This will have been agreed before you sign your finance agreement
Hire Purchase (HP)
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Lease Purchase
What it is?
An agreement to buy a car where you pay a deposit, monthly payments for the duration of the contract and then the final value at the end
Who it’s popular with?
People who would like to own a car but do not necessarily have the money to buy one immediately. In particular, non-VAT-registered customers who eventually want to take ownership
How long it lasts?
Typically between 24 and 60 months.
Is it available with maintenance?
No
Additional points:
- This is a flexible product, so it is possible to put down a larger initial payment, which in turn reduces the monthly payments
- The monthly cost is worked out on the difference between the retail value and the depreciation value plus interest
- This is a contract to purchase the car, so it is only for people who are absolutely sure they want to take ownership at the end of the contract
Finance Lease
What it is?
A way of obtaining use of a vehicle by paying a monthly rental
Who it’s popular with?
VAT-registered businesses using commercial vehicles
How long it lasts?
Typically between 24 and 60 months
Is it available with maintenance?
No
Additional points:
- The monthly rental is determined by the initial cost of the vehicle (excluding VAT), the period of the lease and the residual value (sometimes called the balloon payment), plus interest
- Although you never take ownership, at the end of the contract a final rental (balloon) is payable
- Usually, this means the vehicle is sold and a proportion of the proceeds of the sale are returned to the lease holder. (In our case, the customer receives 98% of the sales proceeds, while LeasePlan retains 2%) or you can hold on to the vehicle for a small annual cost.
Vehicle Sourcing
With access to thousands of vehicles, simply tell us what you are looking for and we will find that vehicle for you – and at great rates.
ABOUT OUR CARS
We have access to literally thousands of cars. But rather than spending all our days loading cars onto our website – we prefer to spend our time talking with our clients. We have some of the latest great offers on our website but for a more personal service – sign up to receive our offers, or why not give us a call and tell us what you’re looking for.
ABOUT OUR VANS
With access to thousands of new and used vans ensuring we can source the right vans for your business needs. We can track down the best deals for you, whilst our fleet management expertise can help save you time & money. Check out just a small snapshot of the latest great deals on new and used vans we have available – or give us a call and tell us what you need.
How Can We Help?
We don’t spend all our time putting thousands of deals on our website that we can’t keep up to date with.. We love spending our time talking to our customers. If you prefer the good old way of just picking up the phone – give us a call, tell us what you are looking for and we’ll guide you through your options.
6 Reasons To Choose Us…
30 Years' Experience
Our experience helps us understand the market to bring you the best deal.
Outright Purchase
Finance Options
We can get a wide range of financing from leading finance companies.
One Point of Contact
Business Fleet Management
Nationwide Delivery
What Our Clients Say…
“We have been using Matt for 18 years and he is our go-to person with all our fleet requirements. Very approachable and professional whilst giving best advice and very competitive prices. He has saved our company thousands of pounds and more time than I can care to imagine over the years. I would highly recommend his services.“
J Hopwood
Director, Bibliotheca Ltd
“When it comes to our fleet of Cars and Vans we like to be able to turn to someone we can trust. Matt has looked after our company fleet now for over 15 years. He is easy to talk to and knowledgeable in all aspects of fleet management. Unlike others, he really listens and understands our needs.“
Karen McCarthy
Atherton and Partners Ltd
Fleet Management Services
We offer an extensive range of fleet management services for our business clients to help SAVE TIME & MONEY. From vehicle sourcing, vehicle maintenance packages and assisting with fleet management to keeping up to date with latest regulations.
Run a Business? Download a FREE Fleet Audit
Download a FREE Fleet Audit, fill it in, email it back to us and we’ll see how we can save you time and money managing your fleet.
From The Blog
How Much Can Car Leasing Save You?
Leasing a car can save you a lot of money on your monthly outgoings. In this article we get quotes on Personal Contract Purchase deals – offered by main dealers – and compare them like-for-like with our Personal Contract Hire deals. Read More >>
Call Us
Location
5 Exeter Close,
Cheadle Hulme,
Stockport,
Cheshire
SK8 6JE
Open Hours
Mon:7am – 9pm
Tue: 7am – 9pm
Wed: 7am – 9pm
Thur: 7am – 9pm
Fri: 7am – 9pm
Sat: 9am – 5pm
Sun: Closed
How Can We Help?
Cheshire Fleet Solutions introduce business to Total Fleet Services, Total Vans and Total Cars of Security House, Littleton Drive, Huntington, Cannock WS12 4TS which are trading names of Hanborough Enterprises Ltd. We are an Appointed Representative (Firm Reference Number 823971) of Hanborough Enterprises Ltd who is authorised and regulated by the Financial Conduct Authority for consumer credit activities (Firm Reference Number 631448). You can check this on the FCA Register by visiting www.fca.org.uk or by contacting the FCA direct on 0300 500 8082. We are an independent vehicle finance broker and we operate with a panel of carefully selected funders. We may receive commission and/or other benefits from the finance provider if you enter in to an agreement with them.
Cheshire Fleet Solutions registered trading address is 5 Exeter Close, Cheadle Hulme, Stockport, Cheshire SK8 6JE. Vat no 507 9518 96. Data Protection Licence ZA463684
We are a Credit Broker and not a Funder or a Lender