FINANCE

SLS Commercials Ltd offer a range of finance packages to help you purchased your used van.

Below is a selection of finance packages with descriptions on their respective benefits.  Whether you already know which finance option you wish to choose, or would like more information about the available alternatives, SLS Commercials can help with a quote to suit you.

A vehicle is hired to you for a fixed period (typically 3 years). Monthly payments are calculated based on the difference between the initial value of the vehicle and its projected residual value, plus finance charges. This means only a proportion of the vehicle’s value is repaid, which avoids a large initial expenditure (typically just 3 months rentals in advance).

Enjoy all the operational benefits of ownership without the headaches of running costs and vehicle disposal. At the end of the agreed period you simply return the vehicle, freeing you from additional costs (excluding excess mileage or damage charges).

Contract hire is the most common form of funding and accounts over two thirds of all vehicle leases

A vehicle is hired for a contract period in return for monthly rentals. The monthly rental is determined by the cost of the vehicle, the period and the estimated future value of the vehicle which is based on the proposed annual mileage.

A payment equivalent to the estimated future value is payable at the end of the contract, when the vehicle becomes the property of the lessee. The vehicle must be sold to a third party, with the user acting as an agent for the finance company.

Hire Purchase is a method of acquiring assets without having to invest the full amount in buying them initially.

Typically, a hire purchase agreement allows the hire purchaser sole use of an asset for a period after which they have the right to buy them, often for a small or nominal amount. Ownership only passes to the purchaser at the end of the hire period.

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