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Funding Options
Sinclair Finance & Leasing offer a range of Funding Options to all clients enabling them to select the one most appropriate for their needs.
In this section we have tried to outline the differences between each of the Funding Options we offer and where the key benefits lie. The table below gives a brief overview.
| Meeting your requirements |
Contract Hire |
Finance Lease |
Personal Contract Purchase |
Contract Purchase |
Hire Purchase |
Outright Purchase |
| Accurate monthly budgeting |
x |
x |
x |
x |
x |
|
| Improved cash flow |
x |
x |
x |
x |
x |
|
| Minimum capital expenditure |
x |
x |
x |
x |
x |
|
| Fixed interest rate |
x |
x |
x |
x |
x |
N/A |
| Capital allowances available |
N/A |
x |
x |
|||
|
Rental allowable against taxable income |
x |
x |
N/A |
|||
| Ownership of vehicle |
x** |
x** |
x |
x | ||
| VAT chargeable on rentals |
x |
x |
||||
| VAT recoverable on monthly rentals |
x# |
x# |
||||
|
VAT on invoice value recovered by Finance co. and passed to customer in lower rental |
x |
x |
x |
|||
| No depreciation risk |
x |
|
x |
x |
||
| No vehicle disposal problems |
x |
x |
x |
|||
| Reduced administration |
x |
x |
x |
x |
x |
|
| On going advise and support |
x |
x |
x |
x |
x |
|
| Road fund licence provided |
x |
x** |
x** |
|||
| Breakdown rescue cover |
x |
x** |
x** |
|||
| Fixed charge maintenance |
x |
x** |
x** |
|||
| VAT chargeable on services |
x |
x** |
x** |
x | ||
| VAT recoverable on services |
x |
|
x** |
x |
** optional
# only 50% of the VAT relating to the finance element is recoverable if private use
100% of the service element VAT is recoverable in business use
Contact us for more information on 0845 124 6952 (local rates apply)
