Convenient payment plans so that you can start work straight away
Iveco Capital offers a wide range of tailor-made financial services, designed to respond to all possible needs of Iveco customers.
Hire Purchase is the ideal solution for those looking to acquire ownership of their vehicle. It can cover up to 100% of the vehicle purchase price and enables operators to take delivery of the vehicle straight away but with payments spread over the life of the vehicle and the option of keeping the asset at the end of the term for a nominal fee. A Hire Purchase agreement offers tax advantages in that operators claim the writing down allowances and the interest elements of the repayments are allowable against taxable profit.
Finance Leases enable operators to lease Iveco vehicles without making a capital outlay that impacts on their balance sheet. Vehicles are hired for a fixed period without the option of ownership, at the end of the primary period operators can choose to continue to rent the assest for a further period at a nominal rate or to act as an agent in its disposal. Operators have the option to sell the vehicle on Iveco Capital’s behalf and keep the majority of the proceeds. This is a tax efficient funding method as VAT is paid on the monthly repayment not the principal purchase cost. Additionally tax relief can be claimed on the rental based on the finance charge and depreciation charge via the profit and loss account.
An Operating lease is a financial agreement where the asset is treated as an off balance sheet item with Iveco Capital retaining ownership. Operators agree to specific usage parameters for the vehicle at the outset and, assuming the parameters do not vary significantly, monthly payments and interest are fixed for the duration of the contract. Advantageously, rentals are significantly lower than under a Finance Lease as the vehicle’s residual value is included in the transaction. At the end of the agreement operators can choose to extend the agreement or return the vehicle to Iveco Capital. Tax relief can be claimed on the whole rental amount via the profit and loss account. Cash flow is eased still further as VAT is paid on the monthly repayments not the principal purchase cost.
Contract Hire is the complete fleet solution and provides operators with off balance sheet funding without the burden of ownership or disposal. It offers all the benefits of Operating Lease financing - comprehensive repair & maintenance, fleet management services – for a fixed monthly payment, improving budgeting and cost flow projections. Operators will benefit from reduced administrative burden and will enjoy peace of mind through the provision of one-stop-shop repair and maintenance solutions that can be flexibly combined with Iveco Capital’s total fleet management options. And, Iveco Capital’s expert team will make sure that the Contract Hire package is tailored to suit all business needs.
The services of Iveco Capital are available from all Iveco dealers.
Approval of the application is subject to evaluation by Iveco Capital. Financial conditions may change as a consequence of changes to market rates. Offers for the current month are available from selected dealerships (while stocks last).