Seaton Automotive
Find a vehicle from our special deals
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Our website shows a selection of our lease, contract and hire deals. Call our sales team for your perfect deal...

Phone 01935 414 415


Funding Options

We have included only a short summary of the funding options available but more details can be downloaded in PDF format to be viewed at your leisure.
Download the Contract Hire PDF or Download the Contract Purchase PDF

Contact us if you have any questions or if we can be of any further service. Call us on 01935 414 415


Contract Hire/Operating Lease

  • Low initial rental
  • No capital investment
  • Rentals allowable against tax
  • All advantages of ownership
  • Budgeted transport costs
  • Full maintenance
  • No disposal problems
  • Improved cash flow
  • Minimised administration
  • VAT recoverable

Low initial rentals
On a typical Contract Hire Agreement, the initial payment is normally equal to just a few months rentals.

No capital Investment
Switching customer expenditure to revenue budget means off balance sheet financing and no capital investment.

Rentals allowable against tax
The rentals you pay are allowable against your profits before tax for cars costing up to £12,000. For more expensive cars this could be slightly reduced. This can result in a significant tax benefit compared with the writing-down allowance you could claim if you purchased the same car. Note that the tax is not saved forever, but is deferred. This creates additional funds, free of charge, for you to use in your business. It is this tax deferral aspect which has made Contract Hire so attractive to numerous businesses. An agreement starting at the beginning of your financial year will maximise the tax allowances available to you.

All advantages of ownership
Contract Hire gives you all the advantages of ownership and unrestricted use of the vehicle without the
administration costs and the risk of depreciation.

Budgeting transport costs
A Contract Hire Agreement enables you to forecast your transport costs. The desired amount of control of further costs can be determined by the services required.

Full maintenance available
A complete maintenance package designed to suit the particular needs of your business.

No disposal problems
No worries as to disposal or value of the vehicle at the end of your contract.

Improved cash flow
The availability of variable length contracts and the low initial payment required enables an improved cash-flow to be obtained.

Minimised administration
Contract Hire can reduce such routine administration tasks such as invoice checking, operating cost records, buying, selling and maintaining the fleet.

VAT recoverable
Rental payments are subject to VAT. Whilst this is no longer fully recoverable on cars if there is any private use, the fact that the rental companies can now reclaim the input VAT on new (and other qualifying cars) means that rentals are comparatively lower. The net cost to you, the operator is still reduced. If your business largely involves making VAT exempt supplies, or if you are self-employed or in a partnership, you should check this aspect with your accountant. We offer alternative schemes if you are not in a position to recover VAT.

Operating Lease
An Operating Lease is essentially a non-maintenance contract hire agreement providing similar benefits to those listed above.


Contract Purchase

  • Low initial payment
  • No capital investment
  • Capital allowances on full vehicle cost
  • All advantages of ownership
  • Budgeted transport costs
  • Full maintenance
  • No disposal problems
  • Improved cash flow
  • Minimised administration
  • No VAT on finance payments

Low initial payment
On a typical Contract Purchase Agreement, the initial payment required is normally equal to just a few months’ rentals.

No capital investment
Switching customer expenditure to revenue budget means off balance sheet financing and no capital investment.

Capital allowances on full vehicle cost
Under Contract Hire Agreements part of the rental on vehicles costing more than £12,000 is permanently disallowed for corporation tax purposes. This pitfall is pvoided with Contract Purchase as two separate agreements are entered into – one for finance and one for the maintenance. As the vehicles are being
purchased (rather than leased) capital allowances may be claimed on the full cost of the vehicle.

All advantages of ownership
Contract Purchase gives you all the advantages of ownership and unrestricted use of the vehicle without the administration costs and the risk of depreciation.

Budgeted transport costs
A Contract Purchase Agreement enables you to forecast your transport costs. The desired amount of control of further costs can be determined by the services required.

Full maintenance available
A complete maintenance package designed to suit the particular needs of your business.

No disposal problems
Built into the agreement is a guaranteed buy-back facility and an option for you to purchase the vehicle(s) should you so choose. With a buy-back facility we assume the financial risk of disposing of the vehicle without any cost to yourselves.

Improved cash flow
The availability of variable length contracts and the low initial payment required enables an improved cash-flow to be obtained.

Minimised administration
Contract Purchase can reduce routine administration tasks such as invoice checking, operating cost records, buying, selling and maintaining fleet.

No VAT on finance payments
Since the agreement is essentially based on a purchase scheme, VAT is not chargeable on the finance payments.


Special deals
  • £160.00
    per month

    Renault

    Megane 1.5d 86 Dynamique 5 door estate with Metallic Paint
    3-0-35 Payment Profile 10,000 Miles per Annum AVAILABLE NOW
    Phone 01935 414 415
  • £179.00
    per month

    Ford

    Focus 1.8 Tdci Style 5 door hatchback with Metallic Paint (7.5 Model)
    3-0-35 Payment Profile 10,000 miles per annum AVAILABLE NOW
    Phone 01935 414 415
  • £179.00
    per month

    Peugeot

    308 1.6 Hdi 90 S 5 door hatchback (07 Model)
    3-0-35 Payment Profile 10,000 Miles per Annum AVAILABLE NOW FROM STOCK
    Phone 01935 414 415
  • £189.00
    per month

    Vauxhall

    Astra VAN 1.3 Cdti Club
    3-0-35 Payment Profile 10,000 Miles per Annum
    Phone 01935 414 415