Lease Purchase

Lease Purchase or Hire Purchase used to be the standard method of funding a vehicle purchase. Although different financial products are now available, Lease Purchase still has advantages for customers (particularly for those buying more expensive vehicles) including low monthly payments and APR, no mileage contract and the possibility of refinancing the residual value of the vehicle.

Lease Purchase is a great solution for non VAT registered companies who want to own the vehicle at the end of the contract term because monthly payments are not subject to VAT. This form of payment allows effective budgeting and supports a company’s cashflow, whilst the end balloon payment gives the customer the flexibility to re-finance or settle in full. Another possible advantage of this option for companies is that the vehicle will be registered in the company name allowing it to appear on the company’s balance sheet.

Lease Purchase is a great solution for non VAT registered companies who want to own the vehicle at the end of the contract term

Although this option will be suitable for companies purchasing cars, when considering the purchase of an LCV (light commercial vehicle), you must bear in mind that the full amount of VAT on the purchase is payable upfront. Although this is reclaimable if you are a VAT registered company, for non-registered companies another finance option will be more suitable.

GWA is happy to give you the benefit of our knowledge and experience in the motor finance sector to ensure that you are buying the right product for you.

If you think this sounds like the right option for you, please contact us at GWA to arrange a meeting to discuss a financial package that will best meet your requirements.

For more information Call our friendly team on 01243 510650

or complete the email contact form below

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Open for business

GWA are “Open for Business” 

In line with Government guidance, from Monday 1st June 2020, GWA are please to confirm that we have returned to our Barrack Lane offices.

The past six weeks have seen us adjust how we do things but not what we do or why we do it. To protect you and our staff, below are some of the procedures that we have implemented with immediate effect.

  • All sales enquiries will be dealt with straight away by phone or email by a member of our dedicated team.
  • A detailed ‘Virtual Video’ presentation of the vehicle will be emailed to you.
  • A personalised finance quotation will be emailed to you.
  • Physical meetings at our office will be by ‘appointment only’ in a dedicated office, set up for social distancing.
  • Distance handover procedure – Including a pre-collection ‘Virtual Instruction’ video and fully sanitised car / van prior to collection.
  • 24 hour follow up after delivery to cover any questions that you may have about your new car.

If you have any questions that you would like answering, or to book an appointment, then please feel free to contact us on the following:

Tel: (01243) 510650 or Email: sales@gwacars.com