Financial Products

Hire Purchase/Lease Purchase

A straightforward repayment facility where you ultimately own the asset

Key features and benefits

  • With ownership you have total control over the asset
  • Ownership normally carries the potential for claiming writing down allowances and/or capital grants, including any enhanced first year allowances.
  • VAT on the cost of the asset is normally reclaimable*
  • Fixed or variable interest rate - you make your own assessment and choose accordingly.
  • The interest element of repayments can normally be offset against taxable profit*
  • The asset appears on your balance sheet
  • Typical assets
    any make or model of car, van, truck or minibus

    *Special rules apply to company cars

    Car/Van Contract Hire

    If you want to reduce costs, then Contract Hire and P.C.P. (Private Contract Purchase) are options that can be tailored to meet your needs and requirements. Our buying power is passed on to you to give you cost effective funding and service solutions.

    Who do we provide facilities to?
    Whatever your fleet size, we can provide a solution to meet your precise needs.

    What vehicles do we provide solutions for?
    Cars and light commercial vehicles of virtually every make and model.


    A popular and flexible method of funding a broad spread of business vehicles.

    Key features and benefits

  • The flexible repayment structure gives you immediate and full use of the asset for a minimal outlay.
  • Rentals can be set according to your cash flow - especially beneficial if your business is seasonal.
  • Rentals can normally be offset against taxable profit*. Asset treated as 'on-balance sheet'.
  • VAT is paid on the rentals not the purchase price*
  • The Leasing Company, as the owner of the asset, claims the writing down allowances and these are reflected in the rentals you pay
  • Typical assets
    Broad spread of vehicles
    No excess mileage charges or wear and tear penalties

    Contract Purchase

    The solution for companies and private individuals who want to own their vehicles but want to avoid the risk of depreciating assets.

  • Similar benefits to contract hire regarding fixed payments and flexible terms.
  • Maintenance and added value services can be included if required.
  • The Contract Hire Company will guarantee the resale value of the vehicle at the end of the contract purchase agreement for a known, fixed amount.
  • Ownership passes to the customer at the end of the agreement when all payments have been made.
  • Fleet Funding and Management Solutions - Contract Hire

    The solution for companies who want to concentrate on important business activities and avoid the financial risk and administrative burden of owning their vehicle fleet.

  • Fixed Rentals - making budgeting plans easier.
  • Flexible terms to meet your requirements and mileage terms.
  • Maintenance of vehicles can be included in monthly rentals, spreading the cost.
  • Removes depreciating assets from the balance sheet.
  • Flexible invoicing arrangements to reduce administration.
  • Sale and Lease Back

    For companies who want to release the capital tied up in existing fleets and remove company vehicles from the balance sheet.

    We can purchase your existing fleet, dependent on the book value and condition and lease them back to you for an agreed term.

  • Removal of vehicles from the balance sheet.
  • New for Old - clients can benefit from our disposal routes to release the cash value of those vehicles and replace them with new vehicles under contract hire.
  • All the benefits of contract hire.
  • Now take the next step with confidence.

    Essex Vehicle Contracts has the widest range of New and Used Cars and Commercial Vehicle with finance products and solutions that represent the very best value available in the market place.

    Together, we can provide a "one stop" buying solution which will save you time and money.

    The finance package will be tailor made to suit your individual needs.

    Our extensive portfolio of Suppliers and Funders is amongst the largest in the UK.

    We specialist in Cars and Commercial Vehicles.

    Whatever vehicle you want to buy or finance - just ask

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