RRG Group

• Car finance
• Company car tax
• Fleet enquiry

TOYOTA finance options for business customers

Contract Hire

Designed for businesses requiring fixed monthly rentals, no risk of depreciation and if you select maintenance, no repair, maintenance or administration worries. The monthly rental is determined by the cost of the vehicle, the period and mileage covered as well as the resulting depreciation.

Benefits

• Low initial outlay
• Fixed rentals
• Repayment periods can be monthly, quarterly, half yearly or annually
• Contract periods between 24 and 48 months
• Fixed budget payments
• No disposal or depreciation risk
• Rentals can be offset against taxable profits

Personal Contract Hire

Simply a Personal Contract Hire contract designed for individuals who are taking cash in place of their company car.

Benefits

• Low initial outlay
• Fixed monthly rentals for the full contract period based on a set annual mileage which each employee determines
• Contract periods between 24 and 48 months
• No disposal or depreciation risk
• At the end of the contract provided the terms of the agreement are fulfilled, simply return the vehicle to us.

Lease Purchase

You decide your initial outlay and the period. Monthly payments are then payable for the period of the agreement. Monthly payments can be reduced by agreeing an anticipated future value on the vehicle known as the balloon payment. This payment is made at the end of the agreement. At the end of the agreement providing all outstanding sums have been repaid, you own the vehicle.

Benefits

• Low initial outlay
• Fixed or variable rate available
• Repayment periods can be monthly, quarterly, half yearly or annually
• No VAT on payments
• You can incorporate a final balloon payment at the end of the agreement, which simply reduces the monthly payment during the contract.
• Vehicles are treated as an asset and appear on your balance sheet; writing down allowances can be offset against taxable profits along with interest charges in exactly the same way as traditional Hire Purchase.

Hire Purchase

You decide your initial lump sum and repayment period. Monthly payments are then payable for the period of the agreement. At the end of the agreement, provided all outstanding payments have been made, you own the vehicle.

Benefits

• Low initial outlay, usually 10% of the vehicle price.
• Fixed monthly repayments
• No VAT on payments
• Vehicles are treated as an asset and appear on your balance sheet; writing down allowances can be offset against taxable profits along with interest charges.

Finance Lease

With finance lease you pay fixed monthly rentals. At the end of the lease 97.5% of the sales proceeds are repaid to you as a rebate of rentals. Monthly rentals can be reduced by agreeing an anticipated future value on the vehicle known as a balloon rental. This rental is paid at the end of the agreement.

Benefits

• Low initial outlay
• Fixed rentals and optional balloon payment
• Repayment periods can be monthly, quarterly, half yearly or annually
• Ability to tailor the final rental to suit your budget
• Contract periods between 12 and 48 months
• Rentals are allowable against profits reducing your tax liability