R N Golden Ltd

• Fixed rental over 2, 3 or 4 years
• Vehicles will not appear on the company balance sheet as an asset

An optional full maintenance contract can be taken out which would cover all servicing in line with manufacturer's recommended intervals as well as all replacement tyres, batteries and exhausts. Membership with a motoring organisation to include home start, relay and European cover will also be included.

The customer pays fixed rentals for the duration of the primary period, typically 3 or 4 years. Following the completion of this Primary Period the lessee can either enter into a further secondary period of hire for a small annual rental or alternatively sell the vehicle to an independent third party on behalf of Isuzu Finance with a refund of up to 95% of the VAT exclusive sale proceeds. All rentals attract VAT at the prevailing rate. Leasing with a deferred balloon payment is also available.

Advantages :

• Use without ownership of car
  
• Eliminates capital expense
  
• Improved cash flow with fixed monthly rentals
  
• VAT recoverable (depending upon usage)
  
• Rentals allowable against taxable profits (proportionally)

If your car is written off by your insurance company following fire, theft or accident, GAP insurance helps to bridge the 'gap' between the insurance payout you'll receive and the finance still outstanding on your vehicle. (Up to a maximum of £5,000).

GAP Return to Invoice (RTI) Insurance

Alternatively you could choose this GAP product which offers the above benefits but this cover does not stop at a maximum of £5,000. It gives you back the full original purchase price of the vehicle, including any optional extras specified.

The 'traditional' method of financing a new car.

Hire Purchase calls for an initial deposit, which is a predetermined percentage of the total vehicle cost, followed by regular, fixed monthly payments over a number of years, until the balance is cleared.

Advantages :

• The vehicle becomes your property at the agreement's end after the final monthly payment and option to purchase fee is paid
• Payments are made monthly over a fixed period (usually 1-5 years)
• Payments are fixed throughout

There is a 'pause payment' option, which effectively extends the payment period by one month because no payment is made in month one, allowing the customer a little breathing space at the start of the agreement.

An attractive 'spin' on conventional Hire Purchase in so far as it calls for lower monthly payments. It does, however, require the customer to make a final 'balloon' payment at the agreement's end, which then releases the car into the customer's possession.

Advantages:

• Payments are lower than with a 'standard' Hire Purchase arrangement
• The vehicle becomes the owner's property at the agreement's end after the balloon payment and option to purchase fee are paid
• Payments are made monthly over a fixed period (usually 1-5 years)
• Payments are fixed throughout

Payment Protection Insurance is an insurance product that could make your motor finance payments for you should you be unable to do so due to loss of income. Such a loss of income may be caused by redundancy, accident, severe illness or death.

Gold
Offers you Life, Accident & Sickness and Unemployment cover
Life: Your motor finance obligations could be paid (up to £25,000) in the event of your death.
Accident & Sickness: Your monthly payments could be made (up to £1,000 per month) if you are unable to work for 30 continuous days. The payments could continue for up to 12 months for any one claim.
Unemployment: Your monthly payments could be made (up to £1,000 per month) if you are made unemployed through no fault of your own for 30 continuous days. The payments could continue for up to 12 months for any one claim.

Silver
Offers you Life and Accident & Sickness cover.
Life: Your motor finance obligations could be paid (up to £25,000) in the event of your death.
Accident & Sickness: Your monthly payments could be made (up to £1,000 per month) if you are unable to work for 30 continuous days. The payments could continue for up to 12 months for any one claim.

Bronze
Offers you Life cover only
Life: Your motor finance obligations could be paid (up to £25,000) in the event of your death.

If your car is written off by your insurance company following fire, theft or accident, GAP insurance helps to bridge the 'gap' between the insurance payout you'll receive and the finance still outstanding on your vehicle. (Up to a maximum of £5,000).

GAP Return to Invoice (RTI) Insurance

Alternatively you could choose this GAP product which offers the above benefits but this cover does not stop at a maximum of £5,000. It gives you back the full original purchase price of the vehicle, including any optional extras specified.

The 'traditional' method of financing a new car.
Hire Purchase calls for an initial deposit, which is a predetermined percentage of the total vehicle cost, followed by regular, fixed monthly payments over a number of years, until the balance is cleared.

Advantages :

• The vehicle becomes your property at the agreement's end after the final monthly payment and option to purchase fee is paid
  
• Payments are made monthly over a fixed period (usually 1-5 years)
  
• Payments are fixed throughout
  

There is a 'pause payment' option, which effectively extends the payment period by one month because no payment is made in month one, allowing the customer a little breathing space at the start of the agreement.

An attractive 'spin' on conventional Hire Purchase in so far as it calls for lower monthly payments. It does, however, require the customer to make a final 'balloon' payment at the agreement's end, which then releases the car into the customer's possession.

Advantages:

• Payments are lower than with a 'standard' Hire Purchase arrangement
  
• The vehicle becomes the owner's property at the agreement's end after the balloon payment and option to purchase fee are paid
  
• Payments are made monthly over a fixed period (usually 1-5 years)
  
• Payments are fixed throughout

Payment Protection Insurance is an insurance product that could make your motor finance payments for you should you be unable to do so due to loss of income. Such a loss of income may be caused by redundancy, accident, severe illness or death.

Gold
Offers you Life, Accident & Sickness and Unemployment cover
Life: Your motor finance obligations could be paid (up to £25,000) in the event of your death.
Accident & Sickness: Your monthly payments could be made (up to £1,000 per month) if you are unable to work for 30 continuous days. The payments could continue for up to 12 months for any one claim.
Unemployment: Your monthly payments could be made (up to £1,000 per month) if you are made unemployed through no fault of your own for 30 continuous days. The payments could continue for up to 12 months for any one claim.

Silver
Offers you Life and Accident & Sickness cover.
Life: Your motor finance obligations could be paid (up to £25,000) in the event of your death.
Accident & Sickness: Your monthly payments could be made (up to £1,000 per month) if you are unable to work for 30 continuous days. The payments could continue for up to 12 months for any one claim.

Bronze
Offers you Life cover only
Life: Your motor finance obligations could be paid (up to £25,000) in the event of your death.

• Ideal for individuals looking for an alternative to a company car with a release from benefit-in-kind taxation
  
• A fixed rental over a set period (2, 3 or 4 years)
  
• Can also include servicing and maintenance costs (optional)
  
• At the end of the contract the individual returns the car and takes out a new vehicle