Credit Agreement
We will tailor a package based on the client’s requirements and budget. Options are available for both private and business purchasers.
A Credit Agreement is one of the simplest and most popular ways for many motorists to finance a new or used vehicle. A Credit Agreement enables you to place a deposit towards the contract, either as cash or by using equity in your current vehicle as a trade-in. Flexible terms are available including the option to have a balloon amount (larger final payment) built into your contract giving you the ability to tailor the repayments to best suit your budget, as well as your vehicle trading cycle.
Deposit > Monthly Payments > Ownership
Consumer & Business Lease
For GST Registered Businesses
The advantage of a Consumer or Business Lease is that it enables you to structure the contract by selecting a term, and you agree to a suitable residual value with us. This allows you to tailor your monthly payments to suit your budget. The residual value risk is carried by you.
Since the payments are fixed and known in advance, you have firm control over your vehicle budget.
After the lease period is over, the vehicle is returned to Miles Continental. You then have the option to take out a new lease and upgrade your vehicle to the latest model.
This flexible leasing plan for business users offers possible tax benefits while improving cash flow.
Advance Rental > Monthly Rentals > End of Term Options
Operating Lease
Exclusive Automotive Finance offers a Non Maintained Operating Lease on new and selected demonstrator vehicles, while we can also secure a Fully Maintained Operating Lease through either Volkswagen or ŠKODA Finance. An Operating Lease can best be described as a long-term rental arrangement based on a term and specified kilometre allowance.
An Operating Lease allows you to easily budget your vehicle expenses, and your monthly rentals are fixed over the term of the lease.
The Fully Maintained Operating Lease makes forward planning a lot easier for you, as the monthly rentals include:
- scheduled servicing
- annual registrations
- warrants of fitness
- option to include replacement tyres and puncture repairs
All Volkswagen and ŠKODA Operating Lease vehicles come with the peace of mind of either Volkswagen Roadside Assistance or ŠKODA Roadside Assistance – a 24 hour program that can help you out when you need it most. All servicing is carried out by our professional Volkswagen or ŠKODA trained technicians using genuine parts where applicable.
A Non Maintained Operating Lease allows you to take care of the service and maintenance costs as and when they occur, rather than having them included in your monthly rental.
Under an Operating Lease the vehicle is treated as an off balance sheet expense so frees up your working capital. After the lease period is over, the vehicle is returned to us. You then have the option to take out a new lease and upgrade your vehicle to the latest model.
Advance Rental > Monthly Rentals > Return Vehicle
When considering the above finance & leasing options, we recommend that you seek independent financial / legal advice based on your individual circumstances.
Further information can be obtained relating to these products along with their relevant fees and charges by visting the European Finance website.
Volkswagen Finance, ŠKODA Finance, and Exclusive Automotive Finance are an operating division of European Financial Services Limited.
