WHY CHOOSE NISSAN BUSINESS FINANCE?
No matter what size your budget is, at Nissan Finance, we have a range of finance packages to help you finance your business vehicles, all with great benefits and features, so you can choose one that’s absolutely right for you.
CONTRACT HIRE - HOW CONTRACT HIRE WORKS
- You pay the advanced rental ranging from 3 to 12 months upfront.
- Fixed monthly rental for the duration of your contract.
- At the end of your agreement, you simply return the vehicle back to us.*
WHAT HAPPENS AT THE END OF THE AGREEMENT?
Road Fund licence included.
Flexibility to increase your contract term and mileage.
Optional servicing, maintenance and tyre options brings all running costs into one package.
Reduced VAT paid by business, as monthly vehicle payments can be offset against taxable profits.
Vehicles on Contract Hire are classified as ‘off balance sheet’ and therefore has accounting benefits by improving the financial ratios for the business.
VAT registered businesses are able to claim 100% of the VAT back if the vehicle is used exclusively for business.
If vehicle used privately, 50% of the VAT can be reclaimed on the finance of the rental.
HIRE PURCHASE - HOW HIRE PURCHASE WORKS
- You let us know how much deposit you would like to pay.
- From this we calculate, including interest, the monthly payments for the duration of the contract.
- At the end of the agreement, after all payments have been made (including the Option to Purchase Fee), ownership of the vehicle is transferred to you.
BENEFITS OF HIRE PURCHASE
The interest rate charged on the finance will remain unaffected by any future changes in interest rates.
The initial payment is flexible.
Fixed monthly payments are not subject to VAT.
Taxation benefit from writing down allowance.
No mileage restrictions.
NISSAN PCP HOW NISSAN PREFERENCES WORKS
- You let us know how much deposit you would like to pay.
- We will calculate your monthly payment based on the maximum annual mileage to suit your needs.
- We will calculate your Optional Final Payment depending on your driving requirements.
WHAT HAPPENS AT THE END OF THE AGREEMENT?
You will get a choice of three options when your Nissan Preferences agreement comes to an end.
Drive away a new Nissan
If the vehicle is worth more than the Optional Final Payment amount, you could part exchange your vehicle by putting the difference towards a deposit on a new Nissan.
Return your Nissan
Simply return your Nissan in good condition, within the agreed mileage limits, and pay nothing.
Keep your Nissan
Pay the Optional Final Payment and be transferred ownership of the vehicle.
FINANCE LEASE - HOW DOES FINANCE LEASE WORK?
- You pay an advance rental followed by a fixed number of monthly rentals over an agreed contract period.
- To help bring down your monthly rentals, and improve cash flow, you can choose to take an optional balloon payment. The payment of the balloon is made at the end of the primary contract period. We will need an expected annual mileage to help us with this calculation. VAT is paid on the monthly rentals whereas with a purchase finance option the customer would be required to pay the whole VAT up front.
- At the end of the term there are two options. Even though you do not own the car, you can sell it on our behalf. You keep 100% of the sale proceeds, which you can then use as the advance rental for your next new vehicle. You may be able to offset this advance rental against your taxable profits*. Alternatively, once all the rentals and any balloon payment are paid, you can continue your contract with us by entering a secondary period of rental. You will pay a “peppercorn rental” of just £50 a year plus VAT. So, if your vehicle is still working hard for you, maybe with bespoke decals or fittings, you have the option to keep using it or replace it – the choice is yours!
BENEFITS OF FINANCE LEASE FOR YOUR BUSINESS
Fixed monthly rentals for ease of budgeting
Lump sum or number of rentals as an advance rental
Option to extend agreement into a ‘secondary’ contract period for a nominal annual fee of £50 plus VAT (peppercorn rental)
Option to include a deferred final ‘balloon’ payment to keep monthly costs low
Tax relief benefits the same as Contract Hire*
50% VAT usually reclaimable of cars*
100% VAT usually reclaimable on LCV’s*
Reduced VAT paid by business, as monthly vehicle rentals can be offset against taxable profits*
DEALER BENEFITS
Whether you're looking to purchase a new or used vehicle, our experts can tailor the most suitable finance agreement to your individual needs.
Dealer finance offers many benefits.
