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Financing the Dream

LHTDirect Finance - making finance simple!

LHTdirect can off a range of financial schemes to cater to the many and varied needs of todays drivers. Whether your vehicle is for business or pleasure, new or used, we have the best possible solution for you.

In addition to flexible finance packages, we can also offer other valuable services, including Insurance schemes - designed to protect both you and your vehicle.

We understand that purchasing a vehicle is a considered decision. Our finance, like our vehicles, can be tailored to meet your individual needs. Whether you choose to own or lease your vehicle, LHTdirect finance can offer six attractive options which can improve personal cash flow, offer business tax advantages or enable the release of your capital for other purposes.

To find out which option best suits you, simply click on the links below and follow the specific financial path that suits you best alternatively call our specialists on 01792 301100

Hire Purchase - The Simplest way to own a your new car!

With Hire Purchase, you pay a deposit. The actual amount is negotiable. The remaining amount (plus interest charges) is repaid in regular monthly payments. You can also choose from fixed or variable interest rates.

Main benefits:

• Ownership of vehicle
• Flexible deposit
• Repayments over a fixed period
• Fixed or variable interest rates
• Repayments in advance or arrears

• Benefits to business:

• Payments not subject to VAT
• Interest may be allowable against taxable profits
• Writing down allowances are claimable
• Vehicle appears as an asset on the balance sheet
• Additional line of credit

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Contract Purchase - Keep it, Return it or extend it!

With Contract Purchase, you pay a deposit and make monthly payments; a final "balloon" payment, based on your anticipated mileage during the period, is agreed.

Both the amount you decide to pay as a deposit and the balloon payment can reduce your monthly payments. 3 options are available to you at the end of the contract:

Option 1 You can make the final balloon payment and keep the vehicle. Option 2 It may be possible to extend the agreement by spreading the balloon payment over a further agreed period. Option 3 Simply return the vehicle without making the balloon payment, thus freeing you from any further obligations (apart from an excess mileage charge if the estimated mileage has been exceeded or damage charges over and above fair wear and tear. Option 4 It may be possible to part-exchange your vehicle for a brand new one.

Main Benefits:

• Reduced monthly payments
• You can choose to keep the vehicle, extend the contract or return the vehicle
• Payments are not subject to VAT
• Available on new and used cars up to 7 years of age at the end of the contract
• Repayments in advance or arrears

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Hire Purchase - with Baloon Payment

As with Hire Purchase you pay a deposit and you own the vehicle at the end of the agreement period. However, by opting to make a "balloon payment" at the end of the agreement your monthly payments are significantly reduced.

Main benefits:

• Reduced monthly payments by opting for a final balloon payment
• Flexible deposit
• Ownership of vehicle
• Repayments over a fixed period
• Fixed or variable interest rates
• Repayments in advance or arrears

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Operating Lease (also known as Contract Hire)- The Risk Free Option

With Operating Lease your vehicle is hired to you for a fixed period. Monthly payments are based on the difference between the price of the vehicle at the start of the agreement and its projected residual value, plus finance charges. Thus only a proportion of the vehicle's value is repaid, which avoids any large initial outlay and reduces the average monthly payment.

At the end of the lease period, the vehicle is simply returned, thus freeing you from any further obligations (apart from an excess mileage charge if the estimated mileage has been exceeded or damage charges over and above fair wear and tear.

Any risk on the residual value of the vehicle is carried by the Finance company.

Main Benefits:

• Eliminates capital expense through use of vehicle without ownership
• Improved cash flow with fixed monthly rentals
• Off balance sheet finance
• Rentals allowable against
• Taxable profits (proportionally)
• Reduced monthly rentals No worry or risk at the end of the agreement as you just give it back

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Finance Lease - No Responsibility of Ownership

With a finance lease, your vehicle is hired to you for a fixed period - without you owning it. Following payment of your final monthly rental, the vehicle must be sold to a third party. If the contract has a balloon payment, that amount is due at this time.

The rental payments include VAT, which you may be able to recover if you are VAT registered. At the end of the agreement period, three options are available to you:

Option 1 Retain the vehicle for a further 12 months by extending the agreement. This option may be exercised only once (please note that if your contract is regulated under the terms of the Consumer Credit Act 1974, this option is not available to you). Option 2 Sell the vehicle to an independent third party for a fair market value. We will invoice the third party on your instruction and then return 95% of the sale price to you. Option 3 Return the vehicle to us. We will then sell it and return 95% of the net proceeds to you, after deduction of auction and collections fees.

Benefits:

• Use without ownership of the vehicle
• Eliminates capital expense
• Improved cash flow
• VAT reclaimable
• You benefit from the net sale proceeds
• Rentals allowable against taxable profits (proportionally)

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Advance - The Flexible Hire Purchase Agreement

‘Advance’ is a highly flexible product based on Hire Purchase, but is far more adaptable to your changing needs. A standard Hire Purchase agreement gives you fixed monthly payments; ‘Advance’ gives you more (please note that this product is not available on regulated agreements).

‘Advance’ allows you to make additional payments into your finance agreements, which will reduce your monthly payment.

If you opt for a ‘Advance’ agreement with a final balloon payment, then any additional payments will reduce the balloon payment accordingly.

You can pay in any amount up to the outstanding balance. Monthly payments are re-calculated, based on the new balance; you can then arrange to make additional payments or withdrawals by telephone.

Main Benefits:

• Control over cash flow
• Choice of fixed or variable interest rates
• No interest penalty for early settlement
• Option to pay in and withdraw funds
• Ownership of vehicle
• Can reduce monthly payments by opting for final balloon payment

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Service Contract/Plus - The Ultimate peace of mind

101 things to think about?
What's on your mind? Picking the kids up, the big derby match, dinner with friends, walking the dog or a quick round of golf? Chances are it won't be anything as mundane as having your car serviced.

But, let's face it, servicing is a fact of life. Especially if you want to keep your beloved car running in tip top condition.

Fortunately LHTdirect finance Service Contracts take the bother out of remembering the boring details of running your car and leave you free to enjoy driving it.

Complete care at your convenience
With a simple system of risk free monthly payments, these Service plans will take complete care of your servicing costs for years to come. What's more, because you're busy enough as it is, we've designed the contracts to make servicing as economical and convenient as possible.

As long as your Car is less than six years old and has less than 120,000 miles on the clock, our Service Only or PLUS (full repair &maintenance) contracts take the hassle out of servicing .

Fixed costs - budgeting make simple
The best thing about LHTdirect finance Service Contract, or Service Contract PLUS, is that your costs are fixed. So no matter what happens to parts or labour prices in the future, your monthly payments won't change (and there's no unexpected surprise when the servicing invoice lands on the doorstep.)

Which means that you can sit back and relax knowing that your bills are covered. Budgeting for the inevitable has never been this easy to manage.

Guaranteed Quality - Trust the specialists
Even better, you'll know that any work will be carried out by fully trained, specialist technicians who use the latest in diagnostic technology. They only use genuine MOPAR parts too. You see they care as much about your car as you do!

Know your history
Make sure your Service History is a Full one

Never underestimate the value of having a Full Service History -Its really worth its weight in gold.

With a LHTdirect finance Service Contract you'll be adding an approved dealership stamp to your service book every time you have any work carried out.

Maximise your resale value
So that when you come to sell your Car (that's if you can bring yourself to part company with it), you'll have done everything you can to keep its value at a maximum.

You can even pass on that 'peace of mind' you have enjoyed as a further sales benefit at resale. If your contract is still valid, it can be transferred across to the new owner.

How long does a Service Contract last?
A Service contract puts you in control. With both the Service Only or PLUS plan available on vehicles up to six years old, its you that calls the shots.

So how long you decide to take a contract out for is entirely your call. However, the longer contract you opt for, the better value you'll get.

But don't fret. We'll be here if you need a helping hand. We can advise on which plan best suits your lifestyle and driving needs from the options available.

The only other factor to bear in mind is the number of miles you think you're likely to cover in any given year.

Clocking up the miles or simply down town -there's a plan to suit.

The good news is we've priced our contracts so that even if you're doing a lower mileage your servicing costs will be well taken care of (don't worry though, you still get a great deal for a higher mileage contract).

So what does your Service Contract cover?

There are two types of contract that cover all of your wants and needs: Service Contract (service only) and Service Contract PLUS (Full repair and maintenance).

If you're not sure which one is right for you, then we can have a chat about your typical motoring needs and give you some advice.

 Service Contract PLUS (Full repair and maintenance)
With a Service Contract, you're covered for all the routine maintenance recommended in the relevant service schedule for your car, and that includes all the labour, parts and lubricants you could possibly need

And if your car is over 3 years old you're also covered for your annual MOT test fee (but not any unscheduled work that could arise from it).

Service Contract PLUS (Full Repair and Maintenance)

This is the ultimate in peace of mind.

As well as the service only cover described above, Service Plus covers you for all wear and tear repairs. This means you can relax about having to replace items such as bulbs, brake pads, discs and clutch assemblies or anything else that is considered normal wear and tear.

Be reassured. The level of content cover on offer here really does reflect our confidence in the quality of your car.

Unfortunately even we can't cover everything

While our Fixed Service Contracts are designed to give you peace of mind, there are a few things even we don't cover for.

• Accident damage or any bodywork, paintwork or associated refurbishment
• Glass (The replacement of windscreens or any other external glass)
• Daily maintenance checks and topping up of lubricant levels between services
• Repairs under warranty
• Provision of courtesy or replacement vehicles/transportation
• Fuel
• Insurance
• Road fund licence
• Tyres aren't covered, but they can be added as an extra option.
• The Service Contract (service only plan) does not cover wear and tear repairs such as friction materials, bulbs, brake pads, discs and clutch assemblies. (Why not upgrade to the PLUS plan for this cover?)

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