Financing Your Car

Funding

Whatever your business needs, we can assess what the most suitable Finance arrangements would be for your business using our 'Fleet Choice' software developed by Deloitte & Touche. We can then offer a range of suitable funding options:

Business Contract Hire

Allows you to run your vehicles for a fixed monthly cost. By using Contract Hire the cost of your vehicles is removed from the balance sheet, freeing up valuable capital which can be utilised elsewhere.

Features:

• Release of Capital
• Off Balance Sheet
• Management of Fleet
• Risk Free
• VAT Efficient Purchasing
• Economies of Scale

Benefits:

• Enables investment in business or reduction of borrowing
• Improved accountancy ratio e.g. return on assets
• Releases Management and Administrative resource
• Relief from Financial Risk of Residual Value
• Savings included in Rental Stream
• Manufacturers discounts and VRB's reflected in cost

Personal Contract Hire

If you provide your drivers with a cash allowance instead of a company car, Personal Contract Hire can help them to reduce the risks normally associated with car ownership such as depreciation, disposal and maintenance. The forthcoming changes to company car benefits from April 2002 have made it all the more important for both company car drivers and indeed their employees to become more aware of personal taxation issues. As the implications of the move away from mileage discounts to C02 emissions are more clearly understood the issue is even higher on the agenda.

Personal Contract Purchase

Quite simply a Hire purchase with a balloon. The total price of the vehicle (inlcuding VAT) has interest added to it. The finance company decide the balloon amount as a figure they believe the vehicle will be worth at the end of the agreement. They call it either a "Minimum end value", "Guaranteed Minimum End value" or "GMEV". Your payments are based on the Total amount repayable, less the balloon, spread over the term. At the end of the contract you can either hand the car back to the finance company to dispose of and they pay the balloon off on your behalf, sell the vehicle yourself and pay the balloon, or just pay the balloon to obtain ownership.

Finance Lease

Finance Leasing allows you to spread the cost of your vehicle over a period of time. The simplest form of Leasing, a Finance Lease enables you to drive your chosen vehicle/s with minimum capital outlay whilst taking advantage of showing your vehicle as an asset on the balance sheet.

Vehicle Choice

We can offer an unrestricted choice of all makes and models of cars and Light Commercials (up to 3.5 tonnes) We can offer `Best Practice' guidance on the appropriate vehicles for your fleet, taking into account factors such as whole life costs, driver taxation, even fuel emissions performance.

Disclaimer.

All prices detailed within this website are believed correct, however all prices are subject to revision at any time due to changes in cost of lending and Manufacturers pricing. To ensure quotation validity, please call 0845 00 66 566 and ask for a full written quotation.E&OE

Hidden Charges

Skyfleet Ltd do not believe in "Hidden Charges". Some Brokers charge for Documents, Delivery, Contract Exit fee's ,Credit Checks, Fuel and somethimes administration of the deal or proposal. These charges are not always declared even up to the point of delivery!

The only charge Skyfleet makes in addition to your regular rental is a fully refundable document fee of £299 + VAT. This is payable in addition to the initial rental. (The document fee is fully refundable if, at the end of this contract, a new contract is taken out for a new vehicle, through Skyfleet Ltd).

 

>> Do you need more help on deciding whether to lease or purchase your next car? Click here for more information

Complaints Handling Procedure

It is the aim of Skyfleet Limited and its subsidiaries to provide a very high standard of service to every client. It is important to us that all complaints are resolved as quickly as possible and to the complete satisfaction of our clients.

This policy explains how we will deal with any complaints. It also tells you what you can do if you think your complaint has not been resolved to your satisfaction.

If you have a complaint

If you have a complaint about any aspect of our service then we would like to hear from you. You can contact us by telephone or in writing and your complaint will be resolved by the appropriate person in the shortest possible time.

To help us to investigate and resolve your concerns as quickly as possible, you should in the first instance contact the department with which you have been dealing. To help us resolve your problem you should provide the following information:

• your full name and contact information
• full details of your complaint
• your agreement details
• details of what you would like us to do to put things right
• photocopies of any relevant paperwork

We will try to resolve your complaint immediately, however, sometimes this may not be possible. In the unlikely event that we are not able to resolve your complaint by the end of the next business day, we will keep you informed of the progress of our investigations and provide our final response in writing providing our findings and the action to then take.

If you have a regulated consumer contract with us and are not satisfied with our final response, you may be eligible to refer the matter to the Financial Ombudsman Service. You must do this within six months of our final response.