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The most popular option for the business user, contract
hire offers fixed and inflation proof vehicle funding with optimum cash
flow. Administration is kept to a minimum, company drivers have
security and guaranteed mobility and the company receives the benefit
of 'off balance sheet' funding.
Choose the vehicle you want at the annual mileage
you require and tailor the package to suit your needs. Millennium
Finance will then acquire the vehicle for you and deliver it to any
UK address of your choice.
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Contract Purchase gives you (private or non-VAT registered
business) the opportunity of buying a new or nearly new car or commercial
vehicle at a low monthly cost. Once the agreement is finished,
the car can be bought at a pre-determined price, or you can start a
new contract and return the vehicle. This contract can include
maintenance.
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Hire purchase enables you to buy a vehicle over a
pre-determined period (usually 1-5 years). Once all the payments
have been made, title of the vehicle transfers to you. Lease
purchase can have a "balloon" or lump sum payment at the end of
the agreement to reduce the monthly repayments. Both these options
retain flexibility during the period of the agreement.
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Under this scheme, you have exclusive use of a vehicle
for a set period of time. Monthly repayments include VAT, a proportion
of which can be reclaimed provided that you are VAT registered.
Monthly repayments can be kept low by including an initial payment,
a final "balloon" or lump sum payment, or by extending the term of the
lease.
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Do you own a fleet of vehicles? If you are
looking to release valuable capital tied up in a fleet of vehicles,
We can arrange to purchase and leaseback your fleet. You
retain control and use of the vehicles, but release the capital for
more vital use within your company
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