 Financing your Mercedes-Benz Truck or Van with Rossetts and Charterway.
As suppliers of Mercedes-Benz commercial vehicles throughout the U.K. we offer our customers a comprehensive range of finance options.
Our specialist knowledge of both the Mercedes-Benz product and the many finance options available means we can offer advice tailored to your exact transport needs, matching the specification of the vehicle with an agreement that takes into account the many operational considerations and needs that you may have. These include: - Traditional hire purchase
- Contract hire with and without maintenance
- Lease and short term rental
- Full management and maintenance
- Modifications and specifications to match your needs can also be included within a finance or rental agreement
For more information and an accurate quotation please use our online enquiry form to contact our finance department headed up by Mike Cooper. --------------------------------------------- FSA Statement Rossetts (Eastbourne) Ltd. is an Appointed Representative of Rossett Beck Ltd. Meadow Road Industrial Estate, Worthing, West Sussex. BN11 2RU which is authorised and regulated by the Financial Services Authority. In addition we have also provided a more detailed look at the features and benefits of the main vehicle financing and rental options available through Mercedes-Benz Charterway Finance Hire Purchase
You pay a deposit. (The actual amount is negotiable). All remaining costs including interest payments are repaid by your monthly payments. You can also choose from fixed or variable interest rates. Benefits for you: - Ownership of vehicle
- Flexible deposit
- Fixed or variable interest rates
- Writing down allowances are claimable
- Vehicle appears as an asset on your balance sheet
- An additional line of credit
- Repayments in advance or arrears
Hire Purchase with Balloon Payment |top| Pay your agreed deposit as per hire purchase. Choose to make a final `balloon` payment at the end of your contract to significantly reduce your monthly repayments. Benefits to you: - Ownership of vehicle
- Flexible deposit
- Repayments over a fixed period
- Fixed or variable interest rates
- Payments not subject to VAT
- Interest may be allowable against taxable profits
- Writing down allowances are claimable
- Vehicle appears as an asset on your balance sheet
- An additional line of credit
- Repayments in advance or arrears
Contract Purchase |top|
Pay a deposit. Make your monthly payments. Pay a final or `balloon` payment based on your agreed anticipated mileage. That`s it. Benefits to you: - Lower monthly payments
- Flexibility. You can keep the vehicle, extend the contract or return the vehicle
- Payments not subject to VAT
- Available on new and used vehicles up to 6 years old at the end of contract
- Regular payments are kept low and the decision whether to keep the vehicle is left until the end of the agreement
- Repayments in advance or arrears
There are 4 options open to you at the end of the contract: - Option 1
Make the final `balloon` payment and keep the vehicle.
- Option 2
Extend the agreement by spreading the `balloon` payment over a further period.
- Option 3
Trade the vehicle in releasing any available equity to form a deposit for your replacement vehicle.
- Option 4
Return the vehicle without making the `balloon` payment. This releases you from further obligations, except for an excess mileage charge should the estimated mileage agreement have been exceeded or for vehicle damage charges above those considered fair wear and tear.
Finance Lease |top| Your vehicle is hired to you for a fixed period of time without the option of ownership. Your payments cover a percentage of the vehicle costs plus the finance charges. At the end of the agreement, the proceeds from the sale of the vehicle less a small administration fee are returned. You can also choose to pay a final balloon payment to reduce your monthly payments. Benefits to you: - Use of the vehicle without large capital outlay
- Improved cash flow with fixed monthly rental
- VAT reclaimable (depending on usage)
- Rentals allowable against taxable profits
- Your business could benefit from the net sale proceeds
Operating Lease |top|
Your vehicle is hired to you for a fixed period. Monthly payments are calculated on 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 outlay. At the end of the agreed period you simply return the vehicle. This frees you from additional costs (excluding any excess mileage or damage charges). Benefits for your business: - Use of vehicle without a large capital outlay
- Improved cashflow with fixed monthly rentals
- VAT reclaimable (depending on usage)
- Off balance sheet finance
- Rentals allowable against taxable profits
- Reduced monthly rentals
- No worry or risk at the end of the agreement as you simply give the vehicle back
Contract Hire |top|
Mercedes-Benz CharterWay offers you a comprehensive range of fleet management services primarily based on contract hire. Contract hire gives you all the operational benefits of ownership without the headaches of running costs and vehicle disposal. You simply pay a fixed monthly payment. Benefits for your business: - No disposal risk or hassle
- Additional credit lines
- Totally fixed and predictable costs
- Outsourced administration
- Outsourced management
- Off balance sheet funding
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