Stevenage 01438 742309 |
Harlow 01279 453334 |
 |
We have dedicated Business Centre advisors who can deal with the needs of the business customer and advise on the funding options available to you. Funding packages available, including Hire Purchase and Contract Hire. Contract Hire quotes, can be provided immediately in our showroom.
Business Discounts are available for outright purchase acquisitions and can be tailored to the size of your fleet.
Our extended test drive facility is available for the majority of the models in the car and van range and allows you to evaluate our product range in your own surroundings - vehicles are delivered and collected from your business premises.
We work hand in hand with Kia's team of Business to Business Sales Consultants who can come and talk to you about your fleet and future vehicle requirements.
We handle the Fleet requirements of all size fleets from the single user to the largest PLC.
Our Fleet team are dedicated to Company Car Buyers. Even if you are unsure about which models best suit your needs, or which funding option will benefit your Business, we can help.
- New Cars
- Nearly new including Ex-Manufacturer Management vehicles
- Funding
- Fleet disposals
- Single point of contact
- Our own PDI Technicians
- Rapid response times
- Nationwide delivery by own drivers
The highlighted link will take you to the Kia Business web site page http://www.kia.co.uk/Kia-Business.aspx.
At each branch we have a Business specialist who can guide you through the very competitive deals that we have on all models in the Kia range and the various funding methods available for buying new company cars. Our Specialist in Harlow is Graham Peskett on 01279 453334 and in Stevenage Tim Warner on 01438 742309. An overview of the various business funding methods outlined below: -
Contract Hire
A Contract Hire agreement requires that you pay a fixed rental each month over an agreed period (typically 12-48 months) and that you don’t exceed an agreed total mileage for the duration of the contract (typically 10,000-150,000 miles). The total mileage can usually be re-scheduled during the course of the contact if it looks like you might exceed the contracted amount. Rather than facing a large initial outlay and having capital tied up in a depreciating asset, you simply pay an agreed monthly rental that clearly helps cash flow.
Contact hire agreements are tailored to individual needs with the customer specifying annual mileage, contract length and whether to have maintenance or not. Any new car or commercial vehicle available in the UK can be contract hired with the customer choosing the exact specification. Contract hire is available to both business and private users.
You need to insure the car yourself, fully comprehensive. The car can be used for any purpose, or driven by anyone you choose. In effect, it is your own brand new car for the length of the hire period. You can even take it abroad.
At the end of the contract the car is simply collected from you and you have no further obligations. You do not buy the car, nor do you have a final “balloon” payment.
Because the risk of ownership is not with you the customer, you have the benefit of the rental payments being non-capitalised, which means the vehicle, and it’s funding will remain off your balance sheet. This is an alternative source of borrowing which permits existing lines of credit to be utilised in more profitable ways.
Further advantages of contract hire are the elimination of all risk of losses on resale value in the volatile used car market i.e. depreciation. If a full maintenance contract is entered into, the risk of unexpected maintenance costs is also avoided. This has the added advantage of relieving you of the administrative burden of vehicle maintenance authorisation, payment and control. You also benefit from the economies of scale achieved by contract hire companies. Road tax is also included for the duration of the contract.
With contract hire, you benefit from a variety of cost savings, without becoming involved with time consuming administration and paperwork associated with company cars, enabling you to devote more time and resource to your core business activity.
Some points to be considered about contract hire: |
|
|
Available to business and private users. |
|
Low monthly payments. |
|
No large deposit or final payment. |
|
No depreciation risk. |
|
A brand new vehicle of your choice and specification. |
|
Vat and tax efficient. |
|
Contracts tailored to your needs. |
|
Servicing can be included. |
|
Road tax is included. |
|
Any car or commercial vehicle available. |
|
Single vehicle or complete fleet. |
|
Fixed costs. |
|
No admin required. |
|
Off balance sheet funding. |
|
Benefit from economies of scale. |
Contract Purchase
Contract purchase offers all the operational benefits of Contract Hire - low capital investment, fixed costs, no disposal risks (depreciation), no unexpected maintenance costs and very minimal administration. However for accounting purposes it is a form of purchase and therefore you get the option to either purchase the vehicle at the end of the agreement at a pre agreed figure or return it to the leasing company. The optional purchase figure is set at the start of the agreement.
Contract Purchase may also be suitable where companies want their vehicles to show as assets on their balance sheet or for companies who are unable to recover VAT as there is no Vat on the finance element of a Contract Purchase agreement.
It is also easier to terminate a Contract Purchase agreement during the contract and is therefore often more attractive to private users.
Some points to consider are: |
|
|
Available to business and private users |
|
There is an option to purchase |
|
Any new car or commercial vehicle available |
|
Contracts can be terminated at any time |
|
Low monthly payments |
|
No large deposit or final payment |
|
No depreciation risk |
|
A brand new vehicle of your choice and specification |
|
Contracts tailored to your needs |
|
Servicing can be included |
|
Road tax for first year only included |
|
Vat on total purchase price reclaimable for vehicles solely used for business |
|
Vehicles show on balance sheet as assets |
|
Any borrowings show on balance sheet |
|
Vat is not applied to finance part of rental |
|
Benefit from economies of scale |
|
Single vehicle or complete fleet |
|
Fixed costs |
|
Minimal Admin required |
For more information on Kia Business iniatives and funding please click on the following link: -
http://www.kia.co.uk/Kia-Business.aspx
Finance Lease
Finance Lease is a method of funding that enables you to benefit from the many advantages of Contract Hire while having the opportunity of taking the risk and reward on disposal of the vehicle at the end of the agreement.
Finance Lease operates in exactly the same way as contract hire with the exception of the way the lease is terminated. With Contract you simply hand the vehicle back to the lease company at the end of the agreement. With Finance Lease you are responsible for disposing of the vehicle at the end of the agreement and paying the lease company a figure that is agreed at the start of the lease thus enabling you to benefit by keeping any of the sale value that exceeds the agreed payment.
The final payment is called the vehicles residual value. As you are responsible for paying the residual value you can increase it at the start of the lease, which will have the effect of reducing the monthly payment.
Some points to be considered are: |
|
|
Available to business and private users |
|
Low monthly payments |
|
Flexible payments |
|
No large deposit or final payment |
|
You accept risk / reward of depreciation |
|
A brand new vehicle of your choice and specification |
|
Vat and tax efficient |
|
Contracts tailored to your needs |
|
Servicing can be included |
|
Any car or commercial vehicle available |
|
Single vehicle or complete fleet |
|
Fixed costs |
|
No admin required |
|
Off balance sheet funding |
|
Benefit from economies of scale |
Kia Picanto, Kia Rio, Kia Soul, Kia cee'D, Kia Magentis, Kia Carens, Kia Sedona, Kia Sportage, Kia Sorento, Kia Venga
