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Business Purchase
If you’re looking to purchase your next Land Rover through a business you have a number of options.
Each option we can tailor to your own requirements and have many benefits for your business.
Option One is Hire Purchase
This is a simple way of purchasing a Land Rover. You have the Land Rover price, less any deposit you wish to pay then pay the remaining balance on a monthly basis over two to five years. It is the most cost efficient as you are always paying off the capital
Option Two is Lease Purchase or Hire Purchase with a Final Payment
As with Hire Purchase you have the Land Rover price, less any deposit you wish to pay. This option is available over two, three or four years and at the end of the period you will have a final payment (also known as a balloon payment). This will reduce the monthly payments as you are deferring a portion of the Land Rover to the end of the agreement. It will cost more in interest but keeps the monthly outgoings at a more manageable amount.
Option Three is Personal Contract Purchase (PCP)
This is the same as Lease Purchase but the final payment at the end of the agreement is guaranteed. This is our most popular product as it keeps the monthly payments manageable and has a guaranteed future value at the end of the two, three and sometime four year agreements.
Option Four is Contract Hire (Only available on New or VAT Qualifying Used)
Aimed mainly at the company car users with a low deposit and that require fixed monthly payments. You put the traditionally three payments as a deposit, and then pay monthly payments over two, three or four years and then hand the Land Rover back. You have no depreciation worries as in theory you are just renting the Land Rover. You will never own the Land Rover and you can even have a full maintenance product too!
Option Five is Finance Lease (Only available on New or VAT Qualifying Used)
Hammonds have now organised leasing agreements for over twelve years and have found it very beneficial for our customers. It is very similar to a Lease Purchase or Hire Purchase but with some of the benefits of a contract hire. On your monthly payments and deposit you will pay the current rate of VAT which you will be able to claim a percentage back (Full details please contact us). This is also a very tax efficient way of purchasing a Land Rover and should always be an option when looking to purchase a vehicle.
Please contact Michael for full details on our products 01986 834700 or landroversales@hammondgroup.co.uk
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