Funding Options
Contract hire enables you to enhance your cash flow and financial control for your fleet, whilst we will maintain the ownership of your fleet. This option provides you with the added advantage of being able to reclaim the VAT on the capital cost of the vehicle.
Contract purchase assists you with improving your cash flow and gives you the added advantage of receiving the tax benefits of owning higher value vehicles. Full writing down allowances are available to you to assist with reducing your exposure to corporation tax liabilities. Contract purchase also gives you the option to purchase the vehicle at the end of the contract period.
Finance lease allows you to significantly improve your cash flow whilst keeping the assets on balance sheet. The legal ownership of the vehicle remains with us, however, operationally you maintain the risks and rewards as if the vehicle were yours. Finance lease gives you the same advantages as Contract hire.
For more information you can download our Funding options brochure.
Each funding option can be accompanied by additional services including: maintenance, breakdown and recovery, risk management and relief vehicles. Through our consultative approach, ING will work with you in order to choose the most appropriate funding method to ensure your financial objectives are met.
Sale and Leaseback
This option has been designed to provide a one off transaction and remove the fleet related risk. It allows you to sell your existing fleet to us whilst generating a significant cash injection for your business, in return the fleet is leased back to you over an agreed period. The Sale and leaseback process provides you professional advice on fleet related cost saving initiatives to risk free residual values. For more information you can download our Sale and leaseback brochure.