At Jermyn & Sons we know that having the right car for your business is an important decision, because the car you drive will represent your company on the road.
This is where we come in! We have a trained team of Sales Specialists that have the skills, knowledge and experience to help you find the right car. Once you've found the right car for your business, our MG Brand Manager will be on hand to go through the MG Business Fleet deals and will ensure you get the very best deal available.
Whether you're a small or large company, we can help you find the right vehicle!
What is a Contract Hire? A Contract Hire is where you'll have monthly payments for the car and never actually own the car, so you effectively hire the car. We'd ask for an initial payment of three to sx months worth of payments and then you'd have a monthly figure to pay. The more you put down as a deposit, the smaller your monthly payments will be.
When calculating a monthly price for the Contract Hire, we have to take into consideration, the value of the car, the miles you drive and the length of the contract (which can be between 24 and 48 months).
This is often a great choice for businesses where Contract Hire or Hire Purchase doesn’t suit its needs. Finance Leasing allows you to either pay off the entire vehicle price over an agreed period of time or opt for lower monthly repayments with one final large payment at the end – securing your ownership. Another bonus for businesses is that if the parameters of your agreement are consistent regarding usage, mileage and condition, the interest rate will be kept exactly the same.
Hire Purchase allows you to choose how much of a deposit you wish to leave, normally a percentage of the vehicle’s value - we will let you decide exactly how much you leave. Once a payment time has been agreed, you will pay monthly installments for the duration set, which can range between 24 months and five years.
Buying the vehicle outright is ideal for those who plan to keep their MG long-term. You can also choose whether to pay a large down payment when you pick up the keys, and pay the rest off, or pay installments. The vehicles also become assets of your company, meaning that if an employee leaves, for example, your company has the right to retain that vehicle and recoup some of the losses.
Whatever type of finance agreement suits your business profile the best, we’re here to help organise everything and make sure you’re on the road quickly.