PCS >> Finance

Finance

PERKINS COMMERCIAL SERVICES

Perkins Commercial Services provide a full one stop shop for converted commercial vehicles.

From standard vehicles such as panel vans, pickup trucks, luton’s and tippers, to specialist conversions, such as arboricultural and waste management tippers. Along with an extensive range of options.

Our sales team are always on hand to offer you help and advice to ensure that you take delivery of the right vehicle for your application.

We can offer competitive funding options too, including Hire Purchase and Finance Lease. With different options available that will benefit your business in different ways

HOW IT WORKS

HIRE PURCHASE (HP)

Hire Purchase benefits – Own your asset while spreading the cost

Hire purchase – otherwise known as lease purchase – is a simple repayment facility, where you eventually own the asset at the end of your agreement.

Hire purchase benefits:

Total control – the asset is yours at the end of the agreement

Flexibility in your repayments – makes for easy budgeting

Fixed Rate – fixed monthly installments allowing you to plan for the future

Tax advantages – normally you can claim writing-down allowances and perhaps capital grants, while repayment interest may be offset against profits and VAT is usually reclaimable (special rules apply to cars)

There is great flexibility with this type of asset finance. We can structure it in various ways, with a flexible deposit, fixed payments and perhaps a balloon final lump sum.

FINANCE LEASE

Finance Lease – The benefits of ownership – without the downsides

The benefits of ownership with spread fixed rentals and disposal taken care of.

Finance lease benefits

Low up-front costs – for just a small outlay, you can use the assets immediately

Spread the VAT – pay the vat on each installment as you go

Flexible repayment structure – rental payments can be tailored to match your cash flow

Fixed or variable interest options – you decide which suits you best

Tax advantages – VAT is payable on the rentals, not the purchase price, while payments can normally be offset against taxable profit (special rules apply to cars)

Monthly payments can be matched to your cash flow. At the end of this commercial leasing agreement, you can sell the asset and you receive up to 100% of the proceeds.

PERSONAL CONTRACT PURCHASE (PCP)

Personal Contract Purchase – The fixed cost way to buy assets

Contract purchase fixes your monthly payments and offers you flexible terms. This type of finance gives you the opportunity to reduce your monthly installments and also benefit from owning the asset at the end of term.

Fixed monthly payments – budgeting is easier when you know the costs in advance

Flexible agreement terms – terms to suit you

Fixed end value – we will fix an asset resale value to take effect at the end of the agreement

Full ownership at end of contract – you own the asset once all payments have been made

This finance may be preferable if you want to own your asset and enjoy low monthly installments. A residual value helps improve your cash flow during the agreement while making the asset cost effective to buy.

Van Contract Hire

  • Comprehensive, fixed cost solution where use of your commercial vehicle is important, but without the responsibilities of ownership. Essentially an operating lease with full maintenance package. Mileage limits apply, so be careful, you will be charged an excess if you exceed this
  • Deposits are anything from 3 rentals upwards
  • Total budgetary control – fixed costs, as long as you stay within the mileage
  • Monthly repayments are subject to VAT ( VAT recoverable)
  • Rentals are 100% allowable against taxable profits
  • Fixed maintenance package to include services, repairs, tyres, dependent on contract type
  • At the end of the contract, simply hand the vehicle back
  • At the end of the contract period the vehicle is subject to an inspection, where any reconditioning costs are charged to the customer
  • Ideal for VAT registered larger fleet operators
*All finance subject to status.
*A guarantee may be required.
*Written quotations available on request.
*Document fees may be payable.