Financial Services
Wheelbase offer finance options to fund your new car.
Hire Purchase
After selecting your new car you simply pay a deposit of your choice (normally 10% or above) and your monthly payments are made over an agreed period.
At the end of this period the car is yours to keep. You are however able to part exchange your car prior to the end of the agreement should you wish to do so.
Hire purchase is a popular business option. The car will appear as an asset in the company accounts and the interest charged is allowable against tax, the cars value can also be written down against your profits.
Lease Purchase
In the same way as hire purchase you select your new car and pay your deposit (again usually 10% or above). The remaining balance is then paid over an agreed period usually 36 months. At the end of this period a final balloon payment is made or the car is part exchanged to cover this cost.
In having this balloon payment the monthly cost is greatly reduced helping your cash flow. If you are a business user again the car will appear as an asset in the company accounts and the interest charged is allowable against tax and the cars value can be written down against your profits.
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