This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.
This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.
This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.
This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.
This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.
This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.
This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.
This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.
This type of agreement allows customers to take advantage of vehicle equity at an affordable monthly cost without actually owning the vehicle. Vans are hired for a monthly fee with a final payment, covering an estimated final value of the van at the end of the contract (also known as a balloon payment).
At the end of a contract, you the customer, are responsible for the vehicle. If the vehicle is worth more at sale than the balloon payment, you will retain the equity built up in the vehicle (minus a small lease fee). If the sale cost is lower than the amount still owed on the vehicle, you would need to cover the difference.
At the end of a Finance Lease Agreement term, as the customer, you will have the option to rent the vehicle for an agreed amount (a ‘peppercorn’ rental), or sell it to retain the equity. VAT is payable on the rental only, not the cost of the vehicle which helps with cash flow.
