Vehicle Funding
Financing your car
DC Automobiles Limited are pleased to offer a comprehensive range of financial solutions for the purchase of your new car. All packages are aimed at making the financing and ownership of your vehicle as simple as possible. Your finance requirements are unique and we are happy to advise you of the appropriate source of funding to suit your circumstances. We have bullet pointed the features and benefits of funding through us below
· Preserving your credit line with your bank
- Having access to packages specifically tailored to your budget and your lifestyle
- Non intrusive, easy to apply procedures online or over the telephone
- Knowing that the interest rates are fixed so payments never change
- Knowing that you can arrange everything under one roof
- Signing documents on the day and drive away. No delay in waiting for the money to come through
You can be confident as you will be dealing with people who
- Are fully FSA accredited
- Have extensive experience of vehicle finance,
- Can usually give you a decision with 2 hours
- Have extensive knowledge about the car you wish to purchase and market place
- And, most importantly, can build a solution that best fits your needs.
Hire Purchase
Flexible deposit, fixed interest at the end of the agreement outright and ownership of the vehicleYou pay a deposit in some cicrumstances not required. (The actual amount is negotiable). All remaining costs including payments are repaid by your monthly payments. Benefits for you:
- Ownership of vehicle
- Flexible deposit
- Repayments over a fixed period
- Payments not subject to VAT
- Interest may be allowable against taxable profits - business users
- Writing down allowances are claimable - business users
- Vehicle appears as an asset on your balance sheet -business users
- An additional line of credit
Personal Contract Purchase (PCP)
A unique way of offering lower monthly payments and guaranteeing a mimium future value of the vehicle and the end of the contract. This package is designed to enable you to change your vehicle more often. It offers a monthly saving over HP sometimes 40% compared to traditional HP. Pay a deposit. Make your monthly payments. Pay a final or `balloon` payment based on your agreed anticipated mileage. That`s it. Benefits to you:- Fixed Lower monthly repayments
- Flexibility. You can keep the vehicle, extend the contract or return the vehicle
- Payments not subject to VAT
- Available on used vehicles up to 42 months of age at contract start date.
- Regular payments are kept low and the decision whether to keep the vehicle is left until the end of the agreement
- Guaranteed minimum value of vehicle set at the outset safe guarding your position at the end of the contract, ie if the vehicle is worth less you can hand it back. Conditions apply.
Lease Purchase
Lease purchase is similar to PCP offering an estimated residual value. The main difference is that this amount is not a guaranteed amount and would need to be settled at the end of the agreement.
This product could be useful to business users offering the security of fixed regular payments but for considerably less. It's also tax-efficient as a proportion of the car's value can be written down against profits and the interest you pay is allowable against tax
Benefits for your business:
If you want a tax-efficient way to purchase a car for your business and maximise your cash flow, Lease Purchase could provide the solution.
- Your regular payments are lower than Hire Purchase because of the final lump sum payment at the end of the agreement.
- Fixed regular payments make budget management easier.
- At the end of the agreement, provided all the necessary payments have been made including the end balance, your business owns the car.
- The car is classified as an asset on your balance sheet, so a proportion of its value can be written down against profits.
- The interest your business pays is allowable against tax
