New Cars » Car Finance

Just Click 4 Cars are pleased to be able to provide new and used vehicles on all of the various funding methods available in the UK vehicle finance market place. Our finance plans range from outright purchase of your new car to the most competitive of contract hire plans for both business and private customers. If you would like a finance quotation on any new or used vehicle, please complete our ask for a quote form. Vehicle finance options include:

Contract Hire (CH)

Contract Hire is long established as the most cost effective and popular way for businesses to acquire their fleet vehicles in the UK. You choose the car and the period of use between 2 and 4 years and the fixed monthly rentals are then calculated based on the anticipated mileage that the car will cover. To even further tighten budget control, you can add optional maintenance contracts that will really benefit large fleets and high mileage vehicles. At the end of the contract, the car is simply returned to the leasing company and a new agreement entered into. Contract Hire rentals are subject to vat, part of which can be reclaimed by vat registered businesses even though the driver has private use of the vehicle.

Finance Lease (FL)

Finance Lease is the flexible funding option for vat registered businesses who prefer to control the fleet replacement cycle themselves. Payments can be spread over anything between 24 and 60 months with lease extension periods available at peppercorn rates if required. A residual “balloon” can be built into the lease to reduce the monthly rentals giving the cash flow benefits of a contract hire agreement but with the potential of any “profit” on disposal of the vehicle being enjoyed by the business.

Hire Purchase (HP)

Hire Purchase is the traditional way of financing the purchase of a new car. You pay a deposit (as little or as much as you like) and the balance is repayed by fixed instalments. The loan period can be anywhere between 2 and 5 years and when all the payments have been made you own the car outright.

Lease Purchase (LP)

Lease Purchase is a variation of Hire Purchase that builds in a residual “balloon” amount to reduce the monthly instalments, so giving the cash flow benefits of a lease agreement. When the time comes at the end of the contract to pay the balloon amount, this can be done from a part-exchange allowance if you’re changing the car, or, if you want to keep the car longer, by re-financing the balloon with traditional Hire Purchase.

Personal Contract Purchase (PCP)

Personal Contract Purchase allows private individuals the opportunity to buy a new car every 2 or 3 years with the monthly instalments much reduced by the residual “balloon” value built into the contract. Crucially, unlike lease purchase, this balloon amount is guaranteed to be met by the finance company should the market value of the car fall short at the time of disposal. If the part exchange value against the next car exceeds the balloon amount, the “profit” can be rolled into the deposit on the new deal giving the customer the “best of both worlds”.

Contract Purchase (CP)

Contract Purchase allows non-vat registered businesses ownership of their vehicle whilst still enjoying the cash flow benefits of a contract hire type of finance agreement by setting a residual “balloon” amount based on the anticipated mileage to be paid for out of the sale proceeds at the end of the contract. Contract Purchase can also be used by vat registered businesses to acquire high value motor cars where the tax disallowance regulations of a lease agreement would make the lease non-cost effective.

If you would like a finance quotation on any vehicle, please complete our ask for a quote form.