What finance packages does Don-Bur offer?

faqs -> finance

Don-Bur can arrange finance solutions which can be tailored to suit the customer.

As Don-Bur is not tied to any particular finance house, they are able to provide competitive rates across a wide range of solutions:

Finance Lease

A finance lease allows your business to use an asset for a fixed period and for a fixed monthly rental cost with no upfront payment. A finance lease allows businesses to spread the cost of the asset over time and allows flexibility at the end of the lease. You can either hand the equipment back to the finance company or usually extend into a secondary term for significant lower rentals that you have been paying over the original term. In many cases, businesses may reclaim 100% of the VAT element of the monthly cost.

Operating Lease

The agreement will include a Residual Value that is based on the period of the lease and the estimated value of the asset at the end of the contract. You then pay a fixed payment over the contract term for use of the equipment and return it at the end. You will take no residual value risk as this will sit with the finance company.

An operating lease allows businesses to use the asset for a lower monthly cost than finance leasing or buying an asset with hire purchase. In many cases, businesses may reclaim 100% of the VAT element of the monthly cost – including any maintenance charges.

Contract Hire

The simplest form of lease. Contract hire is just a long-term rental. The business rents the asset for a fixed term – typically 2-3 years – and pays a fixed monthly sum for its use. Maintenance and repairs are usually included in the deal. At the end of the contract, the business hands the asset back to the lessor. There is no Residual Value to meet, and no option to buy the asset. In many cases, businesses may reclaim 100% of the VAT element of the monthly cost – including any maintenance charges.

Hire Purchase

A method where the client will ultimately own the vehicle. A fixed amount is paid over a specific period which covers capital cost and interest. The full VAT amount on the vehicle cost is due upfront and title is passed at the end of the fixed period.