Finance Options

Hire Purchase  ( Outright Purchase )

Standard finance option by paying a deposit and funding the balance over a given period (up to 60 months)

Vehicle is shown as an asset for the company and can have an annual written down allowance offset against taxable profits.

Total VAT can be reclaimed if the vehicle is used solely as a business vehicle.

Company has ownership after final payment is made.




Contract Hire ( Business Users Only)

The Contract Hire agreement allows you to lease a vehicle over a set period before returning it.

With business lease you select an annual mileage and pay an amount each month for the use of the chosen vehicle.

VAT is payable on monthly rentals.

The leasing company retains ownership of the vehicle and is responsible for the associated risk.

At the end of the contract the vehicle is returned to the leasing company with nothing else to pay ( subject to mileage not being over contracted mileage and body in affair and reasonable condition)

  • Fixed rentals for the duration of the contract, making budget planning easier.
  • Flexible initial payments, terms, mileage and no large final payment at the end.
  • Option of a with maintenance contract, including a no quibble tyre replacement policy can be included within monthly rentals.
  • Removes depreciation assets from the balance sheet and the associated risks of owning vehicles.
  • Vat registered companies can claim back 100% of the finance element and 100% onthe maintenance element.


Finance Lease

A flexible option which allows payment of the entire cost over an agreed period or lower payments with an agreed outstanding rental at the end of the period ( Balloon payment)

This allows you to set the outstanding rental bespoke to your needs.

The higher the balloon payment the lower the monthly rental and vice versa.

Monthly rental and balloon payment can be varied by the following factors

  • Value of the vehicle
  • Amount of initial deposit
  • Length of repayment period ( 2 to 5 years)
  • Amount of balloon payment at the end of the period
  • Contractual mileage

Features and Benefits

  • Vehicle will appear on the balance sheet as an asset
  • VAT is recoverable on rentals
  • 100% tax deductible on total payments (including deposit)
  • Rentals can be offset against taxable profit
  • Fixed payments for the whole agreement (making budgeting easier)
  • Low up-front costs (freeing up assets)
  • Flexible repayment structure ( to assist cash flow)
  • No penalty charges for mileage or damage at end of period
  • Although you do not own the vehicle you receive 100% of sales proceeds
  • Agreement can be extended for an annual (peppercorn rental) of £100 + vat

( If balloon rental is payable it will be collected by direct debit)


Buy a new Vauxhall commercial vehicle from Kerr and Smith and you can slice your buying and business running costs with our 4x4x4x4 offer.

That's four years' 0% APR Representative finance, four years' free servicing, four years' roadside assistance and four years' warranty – just 4 you!

4 YEARS' 0% APR REPRESENTATIVE*

Just choose the model that suits your business needs, pay a minimum 18% deposit of VAT excluding price (plus VAT on the total transaction price), and make your regular repayments for the agreed term at 0% APR Representative for four years.

4 YEARS' FREE SERVICING†

Buy a commercial vehicle in the Vauxhall range and we'll give you 4 years' scheduled servicing free, up to 80,000 miles on New Combo and 100,000 miles for Vivaro and Movano. Offer includes routine service parts and labour, but excludes wear-and-tear items and other maintenance items not covered under the routine service schedule.

4 YEARS' WARRANTY**

With all-new Vauxhall commercial vehicle purchases, you'll also get 4 years' warranty up to 80,000 miles on New Combo, and up to 100,000 miles on Vivaro and Movano.

4 YEARS' BREAKDOWN ASSISTANCE

We believe in helping you cover all eventualities. That's why with your new Vauxhall commercial vehicle you'll also get four years' breakdown assistance provided by the AA, which includes Roadside, Home Service, Relay, Onward Mobility and European Assistance.

For more information Call our Commercial Vehicle experts on: 01290 422440.