Vehicle Finance available from Arundel Motor Company in West Sussex

Vehicle Finance from Arundel Motor Company

Welcome to AUF, the largest independent finance broker in the UK
Our outstanding reputation and close liaison with manufacturers and major finance institutions guarantees we can offer some of the best rates currently available.
Whether just a one off vehicle or a fleet, personal or business user, our friendly approach ensures you receive the high level of service you expect.
Deciding the best way to finance your vehicles can be confusing but our dedicated and helpful sales team will provide the ideal bespoke package to suit you.
Every new car or van is available for quotation and our extensive search facility means we can also source your exact model and specification once you have decided on your chosen vehicle.

Finance Lease

Cashflow Benefits
Finance Leasing can be one of the most cost effective options, if you need full use of a vehicle for minimum outlay but do not require final ownership.
Tax Implications
The rentals can be offset against taxable profits. If you are VAT registered, 100% of the VAT payable on the rentals can be reclaimed for any commercial vehicle or car used exclusively for business purposes. 50% of the VAT can be reclaimed for a car used for both business and private mileage.
Who Owns the Vehicle at the End of the Agreement?
At the end of the lease the vehicle is sold and the sale proceeds (less a nominal sum) are refunded to you as a rebate of rentals, which attract VAT. Due to its low initial outlay, fixed costs throughout the rental period, excellent tax efficiency and flexibility, Finance Lease is favoured by many business users.

Hire Purchase

Hire Purchase is a simple and popular way of purchasing a vehicle, with worthwhile tax advantages for businesses. If ownership is a priority, this is an extremely cost effective method of borrowing.
Cashflow Benefits
Paying an initial deposit, calculated as a percentage of the total cost this is followed by fixed monthly repayments; which allows you to budget monthly expenditure precisely in advance.
Tax Implications
Business users may claim tax relief on the interest charged. The vehicle is also classified as an asset, which allows it to be written down against taxable profits by 25% or £3000 (maximum per annum).
Who Owns the Vehicle at the End of the Agreement?
At the end of the agreement, which may be from 1 to 5 years, you become the outright owner of the vehicle.

Lease Purchase

This is similar to Hire Purchase but has greater flexibility.
Cashflow Benefits
The initial deposit is normally expressed as monthly payments in advance and is much lower than traditional HP, and a final lump sum or balloon payment (sometimes called a residual value) is usually included. This has the effect of reducing the amount of the monthly payments, thereby aiding cashflow.
Tax Implications
The tax and financial benefits are the same as hire purchase, but the payments can be structured to suit a businesses particular cashflow needs.
Who Owns the Vehicle at the End of the Agreement?
After making the balloon payment, ownership of the vehicle can be taken, or it can be part exchanged - using

Vehicle Finance

Close is able to assess any given finance proposal on a case-by-case basis, rather than use a points scoring system. This means that by underwriting proposals manually many proposals rejected by a competitors scorecard system may be accepted.

CMF's core product is Conditional Sale which is the most common way to finance a vehicle through a motor dealer. At the beginning of the agreement, the customer pays a deposit to secure the vehicle while the remaining balance is paid over a set period. Interest is charged on the amount remaining and payable as part of the fixed monthly payments. Full ownership of the vehicle passes from Close to the customer on the final payment. The benefits of a conditional sale plan are largely focussed around convenience for the customer therefore helping dealers to secure the sale.

A particular area that Close has addressed, by dealer request, is the processing and acceptance fee issue. As these fees cover ever increasing costs incurred from customer searches, fraud investigations and the registration or deregistration of the vehicle with HPI-EQUIFAX, customers who are working to a fixed budget are often not prepared for the size of the first payment. Therefore, Close now enables them to spread the acceptance and processing fee throughout the term of the agreement, allowing dealers to offer equal monthly payments.

Providing service that best meets individual dealers' requirements is Close's strength. Close are able to tailor their proposition to meet individual dealer needs, providing a high class, quality service.

GAP Insurance

Close Motor Finance is one of the leading providers of this valuable product.Gap Insurance provides protection on the balance between the value placed on the vehicle by the motor insurer in the case of a write-off and the amount required to settle the outstanding finance balance. Close is working with its dealers to ensure as many customers as possible benefit from Gap insurance and therefore avoid shortfall liability.

Finance settlement required	Motor insurance settlement	GAP shortfall protection
£6,000	£4,500	£1,500