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Contract Purchase

Fixed Monthly Payments allow you to manage your vehicle costs in the best way possible, and contract hire purchase also allows you the opportunity to purchase the vehicle at the end of the contract by making a 'balloon' payment.

The benefits

Depending on how much VAT your company is able to reclaim, contract purchase could be the best product for you.

Drayton Vehicle Solutions want you to benefit from our vast industry experience and purchasing power to ensure your fleet is running effectively as possible. It offers on balance sheet funding while removing the uncertainty of residual value fluctuations.

What is Contract Purchase?

As a conditional sale agreement, contract purchase is an on balance sheet method of funding, where you purchase the vehicle at the end of the contract by making a 'balloon' payment.

Alternatively, we can buy the vehicle back at the 'balloon' value and remove any risk on the residual value.

Contract Purchase includes:

  • Total vehicle management package including funding and optional maintenance
  • CO2 linked capital allowances
  • No VAT attracted to rentals - VAT is only chargeable on the service element of the rental
  • Flexible terms and mileage - minimum 24 months to a maximum of 60 months
  • Fixed payments
  • Low monthly payments due to purchasing power and residual value
  • Pooled mileage available
  • Option to include a replacement vehicle if vehicle becomes unfit for use through theft, accident, repair or mechanical failure
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