Finance page
|
PRIVATE
|
|
Hire Purchase
|
Balanced Payments |
| Hire purchase is the simplest way to TVR ownership. After a deposit, the remaining cost of the vehicle, plus interest is paid over a chosen term* giving you eventual ownership of the vehicle. |
The Balanced Payments Plan is based on a fixed payment variable interest rate agreement. This plan offers fixed monthly budgeting and allows you to take advantage of changes in interest rates.
|
|
The plan features include:
|
The capital cost plus interest is paid over a chosen term* on a reducing balance basis. The amount of interest payable throughout the term of the contract is set at the prevailing Finance House Base Rate (FHBR) at the time you enter into the contract plus an Add-On rate. Fluctuations in FHBR throughout the contract term will be shown as credits or debits in your account and each month you will receive a statement to keep you informed. |
|
Suitable for non-VAT registered customers |
After the last monthly instalment has been paid you will either pay any final interest debit balance or be refunded any final interest credit balance in your account. |
|
For companies the vehicle is accounted for as an asset of the business and capital allowances can be claimed against taxable profits |
The Finance House Base Rate is published in the Financial Times and other daily newspapers. |
|
The option of a final large “balloon” payment at contract end can reduce monthly payments.
|
The Interest Rate is linked to any movements in Finance House Base Rate. |
|
Ownership is achieved when all payments due under the contract have been paid and the option to purchase fee. |
The option of a final large “balloon” payment at contract end can reduce monthly payments. |
|
* Subject to a minimum 12 month and maximum 48 month term. |
For companies, the vehicle is accounted for as an asset of the business and capital allowances can be claimed against taxable profits. |
|
BUSINESS
|
| Hire Purchase |
Balanced Payments |
| Hire purchase is the simplest way to TVR ownership. After a deposit, the remaining cost of the vehicle, plus interest is paid over a chosen term* giving you eventual ownership of the vehicle. |
The Balanced Payments Plan is based on a fixed payment variable interest rate agreement. This plan offers fixed monthly budgeting and allows you to take advantage of changes in interest rates. |
| The plan features include: |
The capital cost plus interest is paid over a chosen term* on a reducing balance basis. The amount of interest payable throughout the term of the contract is set at the prevailing Finance House Base Rate (FHBR) at the time you enter into the contract plus an Add-On rate. Fluctuations in FHBR throughout the contract term will be shown as credits or debits in your account and each month you will receive a statement to keep you informed. |
|
Suitable for non-VAT registered customers |
After the last monthly instalment has been paid you will either pay any final interest debit balance or be refunded any final interest credit balance in your account. |
|
For companies the vehicle is accounted for as an asset of the business and capital allowances can be claimed against taxable profits
|
The Finance House Base Rate is published in the Financial Times and other daily newspapers. |
|
The option of a final large “balloon” payment at contract end can reduce monthly payments. |
The Interest Rate is linked to any movements in Finance House Base Rate. |
|
Ownership is achieved when all payments due under the contract have been paid and the option to purchase fee. |
The option of a final large “balloon” payment at contract end can reduce monthly payments. |
|
* Subject to a minimum 12 month and maximum 48 month term.
|
For companies, the vehicle is accounted for as an asset of the business and capital allowances can be claimed against taxable profits |
|
If you require any further information or a quote based on any of our vehicles please contact the sales dept.:
Telephone: 0208 440 6666
Fax: 0208 440 7364
E-mail: info@tvr-centre.co.uk
