CROXDALE CITROËN BUSINESS FINANCE OPTIONS IN COUNTY DURHAM

The two most common ways for Businesses to finance a vehicle are Business Contract Hire (PCH) and Hire Purchase (HP). Below will allow you to explore both options and which one best suits your needs. At Croxdale Citroën Business Centre, we work with a variety of lenders to suit all circumstances. As part of our service we can organise the finance to suit you and settle any existing agreements you may have.

Business Contract Hire Agreement BCH)

Business Contract Hire enables a business to set monthly payments over an agreed period. This is in return for an individual car or a fleet.

BCH pays for depreciation of the vehicle. We will work out how much the car will be worth at the end of the agreement (guaranteed minimum future value),taking depreciation into account. Monthly payments are determined by the difference between the future value and initial value of the car being split over your lease length.

When the contract ends, the individual car or fleet is simply returned. There will be no further charges, given the vehicle is returned within the agreed mileage and wear and tear guidelines.

You will not be the registered keeper of the vehicle at any point.

Benefits of BCH:

Fixed monthly costs will allow the company to budget
No worries about depreciation and reselling
The vehicle or fleet size and value can be changed at the end of the contract according to the business’ needs

Hire Purchase Agreement (HP)

Hire purchase is ideal for customers who wish to own their vehicle outright at the end of the finance agreement with no balloon payment to make. The deposit is flexible, you can use your current vehicle as part exchange and use a deposit to allow you to make affordable monthly payments to suit your budget. The deposit and the length of the agreement can be adjusted to suit you. Hire purchase is typically available on both new and used vehicles.

1) Pay an initial Deposit

2) Pay fixed monthly payments

3) After all payments are made you own the vehicle

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Company Info

A167 Croxdale Durham County Durham DH6 5HS

Head Office: Croxdale Service Station LTD A167 Croxdale Durham County Durham DH6 5HS

Reg. Company Number: 913346

VAT Reg. No. GB176008861

Financial Disclosure

Croxdale Service Station Limited is an Appointed Representative of Automotive Compliance Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Croxdale Service Station Limited to act as a credit broker, not as a lender, for the introduction to a limited number of lenders.

We can introduce you to a selected panel of lenders, which includes manufacturer lenders linked directly to the franchises that we represent. An introduction to a lender does not amount to independent financial advice and we act as their agent for this introduction. Our approach is to introduce you first to the manufacturer lender linked directly to the particular franchise you are purchasing your vehicle from, who are usually able to offer the best available package for you, taking into account both interest rates and other contributions. If they are unable to make you an offer of finance, we then seek to introduce you to whichever of the other lenders on our panel is able to make the next best offer of finance for you. Our aim is to secure the best deal you are eligible for from our panel of lenders. Lenders may pay a fixed commission to us for introducing you to them, calculated by reference to the vehicle model or amount you borrow. Different lenders may pay different commissions for such introductions, and manufacturer lenders linked directly to the franchises that we represent may also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement, all of which are set by the lender concerned. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.

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CROXDALE CITROËN BUSINESS FINANCE OPTIONS IN COUNTY DURHAM

Business Contract Hire Agreement BCH)

Hire Purchase Agreement (HP)