Business Finance
Because we understand that no businesses are the same, Nissan Business Finance offers a wide range of finance packages to suit the specific needs of every type and size of business.
Whether you are a small start-up business or a large established company, when it comes to choosing a vehicle finance package the options seem endless. What's more, as your business changes, so do your financing requirements which often only adds to the complexity of choosing the right vehicle for your business.
The three key business finance options available are Contact Hire, Business Leasing and business Purchase.
Business Purchase
Sometimes known as Lease Purchase, this product is based on traditional form of financing, Hire Purchase.
- You pay an initial sum in advance then pay for your vehicle over a pre-agreed period in fixed monthly instalments.
- To reduce the monthly payment, you can defer a proportion of the purchase price to the end of the agreement. This amount is known as the final (balloon) payment.
Business Leasing
Often referred to as Finance Lease where the end user shares in the risks and rewards of ownership.
- You make an initial payment then pay a fixed number of rentals over the remaining period of the agreement.
- To reduce the monthly payment you can defer a lump sum to the end of the agreement.
- At the end of the agreement you can either sell the vehicle on behalf of Nissan Finance and receive a share o the sales proceeds (called a rental rebate) or;
- You can extend the agreement into a 'secondary' period of rental for a nominal annual fee.
Contract Hire
Contract Hire is the way to operate a vehicle fleet. It removes much of the Financial uncertainty and the administrative burden, leaving you fee to concentrate on running your business.
- You make an initial payment, followed by a fixed number of rental payments over the remaining period of the agreement.
- At the end of the agreement you hand back the vehicle and there is nothing more to pat (subject to mileage and condition).
All Nissan Business Finance products can be tailored to meet your individual business requirements. Before making a final decision, we recommend you visit Westover Nissan where our trained Sales Executives can discuss your fleet finance requirements in more detail.
