Finance Packages

We aim to offer peace of mind as well as excellent performance. That’s why we offer a range of packages designed to help you finance your skip loader or hook loader.

This is a brief guide to our finance packages. To discuss the options in more detail or for help choosing the option that’s right for your business, please get in touch.

Contract purchase

• Low regular payments
• Available on new and used vehicles up to seven years old
• Option not to make the final balloon payment and hand the vehicle back

Contract purchase lets you acquire new or used units that will be no older than seven years at the end of the agreement. Monthly rentals are kept low by agreeing a lump sum at the end of the term; this is referred to as the Guaranteed Future Value.

Hire purchase with balloon payment

• Reduced repayments
• Interest may be allowable against tax profits
• Writing down allowances are claimable
• An additional line of credit
• Vehicle is shown as an asset on the balance sheet

As with Hire Purchase, you pay a deposit. However, by opting to make a ‘balloon’ payment at the end of your agreement your monthly repayments are reduced.

Hire purchase

• Interest is allowable against tax profits
• Writing down allowances are claimable
• An additional line of credit
• Vehicle is shown as an asset on the balance sheet

You pay a deposit – the amount is negotiable. The remaining cost plus (fixed or variable) interest is repaid by regular monthly payments.

Reynolds Boughton Ltd – Trio Gloucester Way

• No disposal hassle and you are free from the risk of falling residual values
• Flexibility of being able to extend the contract
• Low initial payment helps cash flow
• No unexpected maintenance bills
• Monthly rentals allowable against tax profits
• Fixed and predictable costs
• An off balance sheet finance product

Reynolds Boughton Ltd – Trio Gloucester Way is a specialist contract hire that offers the type of flexibility and risk limitation that many commercial vehicle operators need. Payments are made on a monthly basis and are either fixed or variable.

Operating lease

• You have the use of the vehicle without a large capital outlay
• Improved cash flow with fixed rentals
• VAT on rentals is reclaimable
• Rentals are allowable against tax profits
• Reduced rentals
• You simply give the vehicle back at the end of the agreement

Your vehicle is hired to you for a fixed period. Monthly rentals are based on the difference between the price of the vehicle at the start of the agreement and its projected residual value, plus finance charges.

Finance lease

• You have the use of the vehicle without a large capital outlay
• Improved cash flow with fixed monthly rentals
• VAT on rentals is reclaimable
• Rentals are allowable against tax profits
• Your business could benefit from net sale proceeds
• Optional balloon payment to reduce rental costs

The vehicle is hired to you for a fixed period without the option of ownership. At the end of the contract the proceeds from the sale, less a small fee, are returned to you.