BUSINESS FUNDING OPTIONS

Business Funding Options

Arthurs of Wrexham are pleased to be able to offer a range of funding options through Free2Move Lease. Free2Move Lease are a business funding arm of the PSAGroupe.

​BUSINESS CONTRACT HIRE

What is it?
Contract hire allows a business to lease a vehicle for a set period of time, paying a monthly amount following an agreed initial rental amount. The vehicles are not owned by the business so at the end of the contract term the vehicles are returned to the lease company.

Why choose Contract Hire?

• Flexible initial payment​
• Fixed monthly costs
• Tailored contract, term and mileage
• Tax advantages
• Competitive pricing
• Free up capital
• Additional add-on services available

FINANCE LEASE

What is it?
The vehicle remains the property of the finance company and is hired out to the business. The monthly payments made are therefore a rental rather than a repayment. It differs from a contract hire agreement in that there will usually be a balloon payment at the end of the agreement. At the end of the finance lease agreement the vehicle is sold to a third party by the finance company or by yourself. If this is higher than the balloon payment you will receive the difference back however, if it is lower then the business pays the shortfall to the finance company.

Why choose Finance Lease?

• Low initial costs
• Fixed monthly outlay
• Flexible payment options
• Up to 50% of VAT payments can be reclaimed
• Sales proceeds at the end of the agreement

LEASE PURCHASE

What is it?
Similar to a PCP agreement. A deposit is paid by the customer and the vehicle has a residual value at the end of the agreement based on its predicted depreciation over the contract term. Payments are made monthly by the customer on the difference. With Lease Purchase you buy the vehicle at the end of the agreement, there is no return to finance company option.

Why choose Lease Purchase?

• Vehicle is a company asset
• Typically lower monthly payments than Hire Purchase
• Ownership at contract end
• Balance sheet write down

CONTACT US

Call our Business Specialist on 01978 366333 to discuss which option is best for you and your business.