Contract Hire.

Contract Hire from PD Fleet allows you to have the use of a vehicle for a fixed period of time with a predetermined mileage, at a fixed monthly cost, without owning the vehicle and having the hassle involved in running and maintaining the vehicle. A range of services can be included within the monthly rental.

Driver Support, Breakdown Facilities, Maintenance Administration, Relief Vehicles and Management Information The advantages of Contract Hire vary according to each client's needs and existing arrangements.

Key benefits include:

• Off-balance sheet funding
• Alternative credit line
• PD Fleet buying power
• VAT and tax efficient
• Accurate budgeting
• Fixed cost motoring for up to five years
• Administration & overheads reduced with the removal of purchasing, maintenance, funding and disposal
• No risk on resale values, interest rates, operating costs
• Extra manufacturer discounts available
• Management Information/ Bespoke reports

Company cars are very emotive. Often far too much management time is taken up in the administration, funding, acquisition, maintenance and disposal of vehicles. Contract Hire from PD Fleet is a no risk form of vehicle management that relieves these burdens and allows you to concentrate on your core business.

Contract Purchase.

Contract Purchase From PD Fleet allows you to have the use of a vehicle for a fixed period of time, with a predetermined mileage, at a fixed monthly cost, without having the hassle involved in running and maintaining the vehicle. A range of services can be included within the monthly instalment.

Driver support, Breakdown Facilities, Maintenance, Administration, Option to Repurchase and Management information The Advantages of Contract Purchase vary according to each client's needs and existing arrangements.

Key Benefits include:

• On-balance sheet (similar to Hire Purchase)
• Alternative Credit Line/ Cash Flow benefit
• Capital allowances available
• Finance element is VAT free
• Tax relief available on interest and maintenance
• Guaranteed resale value
• End of contract options:
  Vehicle Purchase
  Vehicle Return
• Eliminates vehicle Disposal problems when the option of buyback is taken up
• Manufacturer discounts are available

Contract Purchase can be summarised as a tax efficient method for companies who are either VAT exempt or who are generating taxable profits and require the benefits of capital allowances to minimise their tax charge. At the end of the contract there is an option to repurchase the vehicle for an agreed price set at the start of the contract, based upon an agreed mileage and period of contract. Management time is kept to an absolute minimum since all the trouble-shooting; wrangling over discounts and warranty issues is done by us, leaving you to look after your business.

Hire purchase.

Hire Purchase from PD Fleet is a finance product that allows you to defer the purchase of a vehicle until the end of a fixed period of time, for a fixed monthly cost. The option to purchase amount can either be a nominal amount (£1), or a more substantial balloon payment and you can choose whether or not to exercise this option.

What are the key benefits?

Hire Purchase is an on balance sheet method of financing vehicles and its advantages vary according to each customer’s needs and existing arrangements. It is most advantageous for companies operating expensive vehicles or those that are unable to recover VAT on monthly leasing payments.

Additional benefits include:

• Balance Sheet treatment similar to outright purchase- possible ownership
• Alternative Credit Line/ Cash Flow Benefit
• Capital allowances available
• Tax relief on the interest elements of the instalments
• Fixed rate funding
• PD Fleet or client can source vehicles
• Provides equity in vehicle
• Simple, easy to operate
• Fleet Management Services available

Personal Contract Motoring.

The personal contract motoring plan developed by P D Fleet Services has been designed to give you the enjoyment of obtaining a new car without having to buy it outright. Instead you simply pay for and have the use of the car during the term of the agreement. At the end of that time you can either return the car to us, or you can buy the car outright for the agreed price, set at the start of the contract and based upon an agreed mileage, period of contract.

What is the personal contract motoring plan?
The Personal Contract Plan is a funding package based on a Hire Purchase agreement, combined with options to offset some of the risks associated with running a car.

Process:

• Employee free to obtain new car with/without purchase
• At the end of contract the employee returns the car or buys it outright for a price set at the start of the contract
• Options to offset some of the risk of running a car include maintenance, breakdown cover and GAP insurance

Key Benefits:

• Fleet buying power
• Reduces risk involved in acquiring and running a vehicle
• Eliminates vehicle depreciation risk
• Competitive rates
• PD Fleet underwrites the driver direct

The moment you enter into a personal contract Motoring Plan with P D Fleet you can look forwards to worry free motoring. Not only do we buy new cars competitively, receiving the highest levels of service and support from our supplying dealership network, we also command significant discounts on aftersales servicing and maintenance work.