Lifestyle Europe - Subaru Car Finance

Subaru Finance
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	Dealer Locations

	Tunbridge Wells Lifestyle Subaru/Isuzu Mount Ephraim Royal Tunbridge Wells Kent TN4 8AG Tel: 0844 8446514 e-mail

Subaru Business Finance Options

Contract Hire

By paying a fixed rental over 2, 3 or 4 years the customer can have the vehicle funding, maintenance and servicing (optional).
Vehicles will not appear on the company balance sheet as an asset.
Monthly rentals plus a disallowable portion of VAT can be offset fully against corporation tax for cars with a net cost (excluding VAT) of no greater than £12,000.00.

Contract hire with Maintenance - Leaves you free to run your own business

Optional full maintenance contract to 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.

Finance lease - The route many businesses choose

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 Subaru 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

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

GAP - Financial protection for write-offs and un-recovered stolen cars

GAP Insurance

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 to take RTI, which offers the above benefits but cover is not restricted to a maximum of £5,000. It could give you back the difference between the insurance payout and the full original purchase price of the vehicle (up to £15,000).

Please refer to important information for more details on Business Finance.

Hire Purchase - A simple way to pay

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

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

Please refer to important information for more details on Business Finance.

Payment protection - Could keep the payments going if you have to stop work

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.

There are 3 levels of cover to choose from, each offering you varying degrees of cover.

Cover	Life	Accident & Sickness	Unemployment
Gold	Y	Y	Y
Silver	Y	Y	-
Bronze	Y	-	-

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.

Important information

Please, don't forget to click here to find important information and terms and conditions for our finance options