End of Contract Vehicles
Coming to the end of your Hire Purchase or Finance Lease Contracts?
You may be coming to the end of your finance agreement and may be wondering what to do with your existing van.
If youve had your vehicle on finance you will own the vehicle unencumbered when you make the last payment. If the van is still running well then perhaps there is no impetus to change. However if your finance has a scheduled balloon payment at the end then perhaps this may cause a cashflow problem.
Some finance, whether on HP or Lease, can be structured with a final payment that is designed to reduce the monthly outgoing to a more manageable amount for the customer. The final payment should have been set to a figure that at least meets but does not exceed the market value of the van. In this instance the customer can sell the van if necessary to generate funds to make the final balloon payment.
The problem comes when the balloon is set too high at the outset and the van is worth less than the final payment. This puts the customer in a NEGATIVE EQUITY situation.
Those customers finding themselves needing to trade in their end of contract vans perhaps with a negative equity position should call one of our experienced sales staff about affordable solutions. We regularly solve this sort of problem for our customers and at the same time put them into a new van.
Call us NOW on 0845 06 06 102 to hear how we can help.
|NEW TRAFIC SL27 SPORT|
|TRAFIC VANS FOR SALE|
|CHEAP TRAFIC CREW VANS|
|TRAFIC LL29 VANS SALES|
|END OF LEASE VANS|
|PART EXCHANGE VANS|
|VIVARO SPORT SWB|
|CHEAP VIVARO SPORT|
|CREW VAN SALES|
|VIVARO SWB 90ps|
|NEW VIVARO LWB 115ps|
|CHEAP VIVARO SWB 2.5|
|VIVARO AUTO TECSHIFT|