A feature of Contract Purchases and Personal Contract Purchases, this is a final payment that is agreed at the start of the contract but not made until the end.

A document signed when the customer takes delivery of a vehicle. Its date normally signals the start of the agreement and monthly payments begin one calendar month later.

An initial payment of up to 50% of the total rental value. There is no upper payment limit on Personal Contract Purchases

For tax purposes, we supply a 'List Price' that includes:

Limited companies and non-government customers can claim back 50% of the VAT on their finance rental and 100% of the VAT paid on their service agreement.

The On-the-Road Price excluding the Road Fund Licence costs.

The legal protection for individuals, unincorporated companies and partnerships. Regulated Credit Agreements must have a cooling off period during which they can be cancelled.

Carbon Dioxide

The value that an asset loses as it is used. In effect, the difference between the purchase price of a vehicle and its worth at the end of the contract. Vehicles depreciate steeply in their first 18 m [..]

When a customer ends a contract before scheduled, the finance company will levy a charge according to specific circumstances. Commonly this equates to the return of the vehicle and payment of 50% of o [..]