When buying a brand new or Approved Used vehicle from Hills Lexus we know that it is important to you that you get the right model, specification and colour to suit you. Choosing how you finance your car is just as important.
Our range of finance plans have been designed to make funding your car as easy and simple as possible.
A great option for companies who emphasise cost control. One regular and VAT- efficient payment will cover most motoring costs and risks, including the Road Fund Licence, depreciation and the eventual disposal of the vehicle. Many clients also choose to include a maintenance package that’s designed to suit them. The only other costs remaining with the customer are fully comprehensive insurance & fuel.
With Contract Hire clients are able to:
In Summary Contract Hire offers:
A fixed-term funding option for companies who want to administer their own vehicles with the intention to show these as an asset on their balance sheet.
Companies have two options to choose from in Finance Lease, which are:
- To pay for the entire cost of the vehicle and the interest over the agreed lease period
- To make lower monthly payments by electing to make a deferred – or "Balloon" Payment at the end of the agreement.
Whichever is chosen, clients never take ownership of a vehicle. It must be sold to a third party and a portion of the sale’s proceeds, together with any "Balloon Payment" must be paid to the finance company.
Under the terms of a Finance Lease, companies will:
Our most popular funding option on new cars is Lexus PCP. The benefits of using Lexus PCP mean you won't tie up your capital with one big outlay. Also, we're able to give you an immediate decision on your credit application.
How Does It Work?
What are my options at the end of the agreement?
PERSONAL CONTRACT HIRE
Offers the same benefits as Contract Hire, but for private use. If you want fixed cost motoring, or have opted out of a company car scheme then Personal Contract Hire could be the right choice for you. It provides you with hassle free motoring without the residual value risks associated with traditional ownership.
VAT is built into the monthly payments, but is not reclaimable by private individuals. However, maintenance packages are usually available so that you don't get any nasty surprises.