Need an Insurance Quote? Fill in our easy to use form by clicking here or give us a call on the above number.	Contact Details Exchange House 181 Hargate Way Hampton Hargate Peterborough PE7 8FL Call 0845 833 1168 Fax 0845 833 1169 Email Sales@VehicleSavers.com
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Who are Vehicle Savers?

• Vehicle Savers is a company offering independant financial solutions for vehicle managment, from large fleets to individual needs.
• In-house specialists in courtesy vehicles for the motor trade and bodyshop industry.
• Short-Term contracts for daily rental companies. 
• Contact us here if you are looking for fleet or simply better options for your next vehicle.

What do we offer?

• Substantial savings
• Independent, impartial advice
• Reduced vehicle administratrion - Saving you money
• Removal of vehicle disposal risks
• Alternatives to "Company Cars"
• Nationwide Service
• Access to Private, Company and Commercial Vehicles using a variety of funding methods

 

Vehicle Savers offers an extensive range of asset based finance solutions that enable you to fulfill the purchase of your various fixed asset investments.



Our innovative refinance solutions also enable you to unlock the value of existing assets to release cash for the further development of your business. We specialise in refinancing your vehicles, plant and equipment even though they may already be financed.

These funds can be used in a variety of ways: repayment of Bank overdrafts and loans, reducing monthly payments on existing hire purchase or lease agreements, an injection of cash flow to recover a bad debt, to fund a business expansion.



A few of the conventional assets we are able to finance include:

Contact us now for a no obligation discussion or quotation.

Contract Hire has become the most popular method of acquiring vehicles for small and large businesses alike. Contract Hire provides an all-inclusive package that encompasses all the costs associated with running a vehicle covered under a fixed monthly rental. Contract Hire is available on any vehicle make or model and not only provides maximum protection from risk for companies who use it, but is also highly flexible to suit exact requirements.

How does Contract Hire Work?
A Contract Hire arrangement is based upon a fixed contract term from 24 to 60 months and a fixed mileage for the contract. These parameters are chosen to suit your exact needs and expected usage. From these parameters a fixed monthly rental is calculated which remains the same throughout the contract aiding budgeting as all costs are known in advance.

Fully inclusive maintenance cover can also be included. Again, this is a fixed cost as part of the monthly rental, and includes all maintenance requirements including regular servicing, tyre replacement and major mechanical failure. It doesn't matter how much work is required the monthly charge does not change, and there is nothing else to pay. Peace of mind, with no risk.

At the end of the contract the car is handed back to coincide with the replacement, simple as that. No need to worry about disposing of the car at the end of its life and the associated risks regarding the value of used cars.

From an accounting point of view Contract Hire holds many advantages over traditional outright purchase. Contract Hire is VAT efficient with 50% of the VAT on the finance and depreciation element of the rental being reclaimable, and 100% of the services and maintenance element. Companies who outright purchase their vehicles cannot reclaim any VAT.

Contract Hire aids cash flow as it removes the need to tie up large amounts of capital in depreciating assets, capital that could be better invested elsewhere in the business. Rentals can be entirely offset against corporation tax (up to £12,000 capital value), a huge advantage compared to restrictive writing down allowances in the case of owned vehicles as assets.

What are the benefits of Lease Purchase?
- Lower monthly rentals as the finance company reclaims VAT on the vehicle purchase - benefiting your cash flow.
- You can reclaim 50%* of the VAT on the monthly rentals.
- The rentals are allowable against tax** reducing your tax liability
- Monthly rentals are fixed, making budgeting easier.
- You have no responsibility for the disposal of the vehicle.
- You can have the option of a maintenance program for your vehicle, avoiding any unexpected large bills.
- 100% of the VAT is reclaimable on the optional vehicle maintenance program, which is allowed in full against tax.
- You are not exposed to the depreciation risk against tax on your vehicle.
- Contract hire is an off-balance sheet facility.
- Your initial capital outlay is reduced allowing your funds to be retained in the business.

Hire Purchase is the traditional method of funding vehicles and assets for both businesses and private individuals. It is straight forward and easy to understand and the user gains ownership of the vehicle at the end of the contract.

How does Hire Purchase work?

Hire Purchase is very simple: it involves the whole capital value of the vehicle (VAT included) being paid off plus interest over the chosen terms of the contract. It therefore delivers a fixed amount of equal and unchanging payments and then the user owns the vehicle.

Hire Purchase gives some cash flow advantages over outright purchase, but not to the extent of Contract Hire, Lease Purchase or Finance Lease.

From a taxation point of view, Hire Purchase is treated the same as Outright Purchase and Lease Purchase, and can provide an advantage on high value vehicles (those over £23,000 in value), over Contract Hire & Finance Lease.

What are the benefits of hire purchase?

- Fixed term and fixed equal, unchanging payments

- Vehicle is owned by user at the end of the contract

- Cash flow advantage over Outright purchase

- Taxation advantage on high value vehicles over Contract Hire and Lease Purchase

Finance Leasing is a cost effective, but more risky alternative to Contract Hire. Finance Leasing shares many of the advantages of Contract Hire whilst delivering lower monthly rentals.

How does Finance lease work?
A Finance Lease is calculated in much the same way as a Contract Hire arrangement. It involves a fixed monthly rental that is unchanging throughout a fixed contract term. Finance Lease is treated in much the same way as Contract Hire from a VAT point of view, as 50% of the VAT on the monthly rental relating to interest and depreciation can be reclaimed. In addition the rentals can be offset against corporation tax, an advantage of the restricted writing down allowances claimed where the asset has been purchased outright.

At the end of the fixed term the operating company must pay a final "balloon" payment. This balloon payment is pre-determined at the beginning of the contract and estimated to be close to the future predicted value of the vehicle.

At this stage the operating customer is appointed as a sales agent for dcmd and upon selling the vehicle will receive 95% of the sales proceeds as a sales commission to offset against the final "balloon" payment.

As the operating company therefore takes the risks in the disposal and used value of the vehicle, Finance Lease rentals tend to be lower than equivalent Contract Hire rentals.

Finance Leasing aids cash flow as it removes the need to tie up large amounts of capital in depreciating assets, capital that could be better invested elsewhere in the business.

What are the benefits of Finance Lease?
- Lower monthly rentals as the finance company reclaims VAT on the vehicle purchase - benefiting your cash flow
- You can reclaim 50%* of the VAT on the monthly rentals
- Your initial capital outlay is reduced allowing your funds to be retained in the business.
- The rentals are allowable against tax** reducing your tax liability.
- Monthly rentals are fixed, so budgeting is easier.

For the private individual the more traditional methods of buying cars i.e. hire purchase, bank loan or from savings are becoming less and less attractive as more sophisticated and cost effective methods become available. In addition, many companies are choosing to give their current company car drivers "cash" instead of a company car, to allow them to make their own arrangements, and therefore avoid benefit in kind taxation.

We offer three options to the private user, traditional Hire Purchase, Personal Contract Purchase (PCP) and Personal Contract Hire (PCH).

How does Personal Contract Hire work?
Personal Contract Hire delivers all the benefits of a company car to the private individual.

The monthly payment is calculated by taking the initial cost of the car, taking away the future estimated value, and dividing the difference over the number of months you require the car for (plus interest). As a leasing company we are allowed to reclaim all the initial VAT on the vehicle. This means that the monthly rental you pay is much lower as the cost of the car used to calculate the rental is lower by the VAT amount. You as the private individual will have access to our extensive buying power, which means the car costs less to start with, making the monthly rental even lower.

Personal Contract Hire gives the user a fixed equal monthly rental for a fixed contract term. At the end of the contract term you hand the car back and take delivery of a new one. No need to sell the vehicle privately and worry about its value.

Personal Contract Hire arrangements can also include a full maintenance package as part of the monthly rental. This provides full cover for all maintenance requirements from regular services, tyre replacements to more involved mechanical repairs. Because maintenance cover is provided as a fixed cost as part of the monthly rental, it removes the risk of unforeseen breakdowns and large repair bills.

Personal Contract Hire delivers a no hassle solution to running a car and as the costs are fixed and equal, it allows you to budget exactly for your car spend.

What are the advantages of Personal Contract Hire?
- Fixed equal monthly payment
- Can include fully inclusive maintenance cover
- No need to sell vehicle at the end of its life
- Access to large company buying power

Is leasing the right decision for your business? Or is an Equipment Finance Agreement (EFA) your best bet? A lease is a financing agreement that can be structured to meet specific needs. To decide if leasing is the best option, you need to first ask yourself:

For most businesses "Cash is King", meaning cash is the most important resource for its future. Other businesses are constantly changing their equipment and technology due to obsolescence, so a lease with continuous upgrades is a smart option. Leases are not loans; they are a type of rental agreement so only the equipment is collateral. Many bank loans require large down payments and additional collateral, including your home.

Lease Purchase is the ideal product for fleet funding if your company cannot fully reclaim VAT or if you are looking to fund an expensive car. Lease Purchase provides the perfect alternative for companies that want or require ownership of the vehicle and require the cash flow advantages of Contract Hire or Finance Lease.

Lease Purchase delivers a low monthly rental similar to Contract Hire and Finance Lease, but allows the using company to own the vehicle at the end of the contract.

How does Lease Purchase work?
Lease Purchase can provide the best of both worlds, by removing the need to tie up valuable capital in a depreciating asset, whilst providing ownership of the asset.
The disadvantage is that Lease Purchase is not VAT efficient, therefore the VAT has to be either; paid in full up-front or funded into the calculation of the rentals. This makes the monthly payments for Lease Purchase higher than for Contract Hire & Finance Lease.

Lease Purchase is particularly suitable for high value vehicles as it attracts writing down allowances like an outright purchased asset. On vehicles with capital values of over approximately £23,000, Lease Purchase becomes more beneficial from a taxation point of view when compared to Contract Hire or Finance Lease.

What are the benefits of Lease Purchase?
- Your monthly payments will be reduced as a large percentage of the balance owed on the vehicle is deferred until the end of your agreement, with obvious cash flow advantages.
- Your initial capital outlay is reduced allowing your funds to be retained in the business.
- The interest is allowable against tax.
- Monthly payments are fixed so budgeting is easier.
- You can fund your vehicle as an asset on your balance sheet.
- You can claim writing down allowances.
- The finance element of your agreement is not subject to VAT.

For the private individual the more traditional methods of buying cars i.e. hire purchase, bank loan or from savings are becoming less and less attractive as more sophisticated and cost effective methods become available. In addition, many companies are choosing to give their current company car drivers "cash" instead of a car to allow them to make their own arrangements, and therefore avoid benefit in kind taxation.

We offer three options to the private user, traditional Hire Purchase, Personal Contract Purchase (PCP) and Personal Contract Hire (PCH).

How does Personal Contract Purchase work?
Personal Contract Purchase delivers all the benefits of a company car to the private individual, whilst providing the option to take ownership of the car at the end of the contract.

The monthly payment is calculated by taking the initial cost of the car, taking away the future estimated value, and dividing the difference over the number of months you require the car for (plus interest). At the end of the contract you have the option to pay the future value amount ("balloon" payment), as pre-determined at the start of the contract, and the car is yours, or hand the keys back and walk away.
Personal Contract Purchase arrangements can also include a full maintenance package as part of the monthly rental. This provides full cover for all maintenance requirements from regular services, tyre replacements to more involved mechanical repairs. Because maintenance cover is provided as a fixed cost as part of the monthly rental, it removes the risk of unforeseen breakdowns and large repair bills.

Choose our Personal Contract Purchase product and you will also buy into our considerable buying power, which means the front-end cost of the car is less and therefore your monthly payment is less.

Personal Contract Purchase provides a hassle free and flexible method of running your car.

What are the benefits of Personal Contract Purchase?
- Fixed equal monthly payment
- Can include fully inclusive maintenance cover
- No need to sell vehicle at the end of its life (unless you want to)
- Option to own the vehicle
- Access to large company buying power

                  

GARY PENNING, Managing Director, PENNINGS LIMITED says-



“Pennings, the UK’s leading Accident Repair Centres, have been using DCMD to provide their Courtesy Car fleet for several years. Despite constantly being approached by other Courtesy Car providers in the market, we use DCMD because pricing is always competitive, the service levels are very high indeed – both personal and professional. I would recommend unreservedly DCMD for your Courtesy Car procurement."

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Hilary Shields, Ascensys Ltd - Director (Peterborough Business club member) -



"I wasn’t sure about what leasing a car would involve and had little time available to research models, prices, or contractual details – when you run a business, time is a precious thing, and spending effort looking at new cars simply didn’t seem to be a priority. I got in touch with Donna at DCMD as a result of an email they had sent (and a cancelled meeting!) and asked if she would be able to help.



DCMD supported Ascensys Ltd through the whole process from start to finish. We had lots of questions and Donna had lots of experience, which meant she gave us honest and helpful advice. This was the first time Ascensys Ltd had looked at leasing, rather than buying, and we wanted to know all of the implications. The things that impressed me most were the swift way in which my calls were returned, emails answered and the calls we received to keep us updated throughout the process. Thank you DCMD!"

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Gary Stevens, Busy Bee Cleaning Services Ltd - Director says-



"I have been dealing with DCMD for 3 years, since 2003. In that period, I can categorically confirm that this organisation are efficient, time responsive, listen to client needs and would benefit any company who have to lease vehicles. I thoroughly recommend DCMD"

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Dr Holland, Bolton says-



"It was the first time I'd leased a car and a friend recommended DCMD to me. I had several discussions with them to figure out the best option. The team at DCMD were knowledgeable, friendly and efficient. The car's great and everything has gone very smoothly. I am now looking to lease a second car from them."

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Mark, L & M Restoration says-



"I got DCMD's details from a friend and a business associate, they are part of the same business club, he heard I was looking for contract hire companies. I got in touch with Mark and I told him that I needed to sell two existing cars and get two on contract hire. Instantly Mark took the details and got to work and also gave me a contact to sell my existing vehicles. Regular calls from Mark made it very easy to get things moving, I was very impressed with the whole service. We had very quickly got the cars arranged for delivery. To top it off the cars came even earlier than expected, which for us was just at the right time!! I can only say I will definatly use DCMD again for the service they provided. Amazing job thank you. "