Funding minibus conversions
Minibus Contract Hire
Leasing a minibus is a fixed term, with monthly rentals that are paid over a term of 2, 3, 4 or even 5 years. Clients can choose optional servicing and maintenance packages and in addition, a safety inspection contract can be included meaning that only the cost of fuel or insurance is required. Road tax is included for the term and the vehicle is returned at the end of the contract.
Minibus Finance Lease
Finance lease is a type of purchase agreement, whereby customers pay monthly, again, over a term of 2 to 5 years. Usually, a balloon payment will be due at the end of the term to allow full ownership. Road fund licence is included for 1st year and minibus disposal is subject to terms of finance company until balloon has been paid.
Minibus hire purchase
Hire purchase is a capital repayment plan, whereby the customer pays monthly until finance is settled in full. Again, road fund licence is included for 1st year only and disposal is subject to the terms of finance company.
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