Nissan Financial Services

Hire Purchase is the classic way to finance your vehicle.  It involves paying off the cost of the vehicle with interest on a monthly basis.  Not only is it a great way to personally finance your vehicle, HP is also a popular finance solution for businesses.

Watch our short video to learn more about how a Hire Purchase product could work for you.

• You let us know how much deposit you would like to pay
• From this we will calculate, including interest, your monthly payment based on the duration of the contract
• At the end of the Agreement, after all payments have been made (and any option to purchase fee), ownership of the vehicle is transferred to you

• The initial deposit is flexible – Minimum deposits may apply
• Fixed monthly payments for the duration of the Agreement
• Flexible terms (2 to 5 years)
• Fixed monthly payments are not subject to VAT
• Fixed interest rate
• No mileage restrictions

For more information and full terms & conditions please visit your local Nissan dealer

Contract Hire offers a solution for both businesses and private individuals seeking to avoid the financial risks associated with managing their own car and van fleets, while also aiming to minimise the administrative burden of purchasing, servicing, and disposing of vehicles

Watch our short video to learn more about Contract Hire products

• You pay the advanced rental ranging from 3 to 12 months upfront
• Select your annual mileage
• Fixed monthly rental for the duration of your contract
• At the end of your agreement, you simply return the vehicles back to us*

*Subject to any excess mileage and damage charges which exceeds fair wear & tear.

• Road Fund Licence included
• Optional Servicing, maintenance and tyre options brings all running costs into one package

For business users

• Reduced VAT paid by business as monthly vehicle payments can be offset against taxable profits*
• VAT registered businesses can claim 100% of the VAT back if the vehicle is used exclusively for business*
• If the vehicle is used privately , 50% of the VAT can be reclaimed on the finance of the rental*

*subject to status

For more information and full terms & conditions please visit your local Nissan dealer

*We always recommend you take independent financial advice to determine how your own business can benefit from the advantages offered by financing your company vehicles.

Finance Lease is a hire product which gives businesses the flexible option of retaining the vehicle (for a small annual fee) at the end of the agreement. However, the customer may also sell the vehicle to a third party once all the rental payments have been made. The customer retains 100% of the sales proceeds (paid as a rebate of rentals).

1. You pay an advance rental followed by a fixed number of monthly rentals over an agreed contract period.
   
   
2. To help bring down your monthly rentals, and improve cash flow, you can choose to take an optional balloon payment. The payment of the balloon is made at the end of the primary contract period. We will need an expected annual mileage to help us with this calculation. VAT is paid on the monthly rentals whereas with a purchase finance option the customer would be required to pay the whole VAT up front.
   
   
3. At the end of the term there are two options. Even though you do not own the car, you can sell it on our behalf. You keep 100% of the sale proceeds, which you can then use as the advance rental for your next new vehicle.  You may be able to offset this advance rental against your taxable profits*.  Alternatively, once all the rentals and any balloon payment are paid, you can continue your contract with us by entering a secondary period of rental.  You will pay a “peppercorn rental” of just £50 a year plus VAT. So, if your vehicle is still working hard for you, maybe with bespoke decals or fittings, you have the option to keep using it or replace it – the choice is yours!

Fixed monthly rentals for ease of budgeting

Lump sum or number of rentals as an advance rental

Option to extend agreement into a ‘secondary’ contract period for a nominal annual fee of £50 plus VAT (peppercorn rental)

Option to include a deferred final ‘balloon’ payment to keep monthly costs low

Tax relief benefits the same as Contract Hire*

50% VAT usually reclaimable of cars*

100% VAT usually reclaimable on LCV’s*

Reduced VAT paid by business, as monthly vehicle rentals can be offset against taxable profits*

*Subject to Status we always recommend you take independent financial advice to determine how your own business can benefit from the advantages offered by financing your company vehicles

For more information and full terms & conditions please visit your local Nissan dealer