Berry BMW Corporate London Finance Options Available to corporate customers.
Contract Hire
A popular choice for VAT registered companies that want minimum outlay and maximum control of costs. With this VAT beneficial financing package, one regular rental payment covers all risks including costs of depreciation and disposal for an agreed period of time and mileage. Road fund licence is included, but roadside rescue, maintenance and relief vehicle provision are options that can be added and charged to the rental payment.
Finance Lease
Ideal for VAT registered companies who want to handle the administration of their vehicles, and have the asset shown on their balance sheet. A VAT beneficial finance option where the hirer can choose to pay the entire cost over an agreed lease period, plus an interest charge , or pay lower monthly rentals during the lease period with final payment based on the anticipated resale value of the vehicle.
Contract Purchase
For companies with high value cars who would like the option to purchase the vehicles, but don't want any depreciation risks.
The customer acquires the vehicle by paying fixed monthly installments with the asset being shown on the company balance sheet, and can either retain ownership at the end of the contract or hand the vehicle back. Contract purchase has the added benefits of savings on maintenance and relief vehicles, and comes with full rescue breakdown cover and road fund licence.
Lease Purchase
For non-VAT registered companies that want eventual ownership of the vehicle.
A funding agreement where the company acquires ownership when all the payments, including the option to purchase have been made. Part of the capital cost of the vehicle payment may be deferred into a "balloon" payment at the end of the agreement which equates to the anticipated value at the end of the agreed leasing period.