Toll House Business Finance Packages
We have a variety of plans to suit your business, two of the most popular are detailed below.
Contract Hire and Business Drive
If you have a VAT registered business, Contract Hire or Business Drive (which includes full maintenance) can be a straightforward and attractive option. Your fixed monthly rental is based on your vehicle, the period of hire and annual mileage. You will be asked to pay a number of rentals in advance; thereafter you pay monthly rentals until the end of the period. Then, provided all the terms of the agreement have been met, you simply return the vehicle to us.
Key benefits
- Lower monthly rentals (as we reclaim the VAT on the vehicle price and pass the saving on to you)
- Rentals are allowable against tax, 50% VAT reclaimable on rentals
- Minimum administration and no worries about vehicle disposal
Additional Business Drive benefits
- Routine scheduled servicing and replacement tyres
- Mechanical repairs
- RAC cover and Accident Assistance Service
Finance Leasing
Leasing allows the lessee to share in the profit (or loss) on the sale of the vehicle at the end of the contract period. At the start of the agreement an anticipated future value for the car can be set. We will agree a fixed number of low monthly payments, a number of which you are required to pay in advance. At the end of the agreement, you arrange to sell the car on our behalf. If you sell it for more than the anticipated future value (excluding VAT), we will refund the difference. If it is sold for less, you will need to make up the difference.
Key benefits
- Same tax benefits as found with the Contract Hire
- Your Toyota can be classified as an asset in your accounts
- Greater funds are retained in the business, as the initial capital outlay is reduced
Contact our Business Centre Manager, Claudia Baker, on 01293 535500 or email claudia.baker@tollhouse-gatwick.toyota.co.uk