Contract & Leasing

Condor Self Drive can supply any make and model of new car or commercial vehicle as well as a selection of nearly new vehicles to save you money. We will link your choice of vehicle to any type of lease or purchase plan either for personal use or company use, giving you the very best tax advantages. We can even manage all your vehicles for you if you wish; all you need to pay is a fixed monthly amount to give you complete peace of mind and never worry about your vehicles again.

Some of the services Condor Self Drive offers:
• multi franchise car & van supply
• favourable supply terms
• financial packages to suit your personal and/or business needs
• competitive purchase plans and leasing rates
• service & maintenance packages
• ongoing vehicle management and advice
• nearly-new vehicle availability
• trade disposal service
• sale and leaseback
• leasing

Quick Links
» Contract Hire / Leasing
» Hire Purchase / Contract Purchase
» Personal Contracts
» Leasing (Finance Lease)
» Non-Status Leasing / Contract Hire programme
» Service and Maintenance

Contract Hire / Leasing
This is like long-term rental and can include service and maintenance, breakdown cover and replacement vehicle. The monthly payments are subject to VAT, which can be reclaimed (100% for commercial vehicles and 50% for cars). The leasing company always owns the vehicle. The monthly rental is calculated from the length of contract and the estimated miles driven. At the end of the period the vehicle is returned to the contract hire company. It is treated as "off balance sheet funding" in a company's accounts. It is a completely risk free package for the customer and almost always cheaper than outright purchase because of the extra discounts and support received from manufacturers and passed on to the hirer in the monthly rental.

Contract Hire / Leasing Features:
•  fixed cost motoring
•  fully inclusive maintenance available
•  very cost effective
•  vat efficient – part or fully reclaimable
•  low initial payment
•  low monthly payment
•  completely no risk option

Hire Purchase / Contract Purchase
This is a method of financing a vehicle over a set period. The full purchase price of the vehicle is paid off with interest in equal monthly payments over the agreed period. Providing all payments are made on time on this type of agreement, ownership to the vehicle is transferred to the person or entity named in the contract after an option fee is paid at the end. Sometimes part of the purchase price or capital amount is deferred until the end of the agreement - this is usually called a balloon and reduces the monthly payment. The balloon amount is due as a lump sum payment, in order for ownership to pass at the end of the agreement. On some of these contracts the balloon is guaranteed and the vehicle can just be returned to the finance house.

Hire Purchase / Contract Purchase Features:
• flexible Initial Outlay
• low monthly payment (if combined with a balloon)
• no risk disposal option (only on contract purchase)
• you own the vehicle
• maintenance available

Personal Contracts
These are designed for individuals wishing to acquire a vehicle and benefit from business user terms and a low monthly payment. Employees opting out of their company car or self-employed vehicle owners often use this method of acquiring a vehicle. There are 2 options in this scheme. The first is Personal Contract Hire in which case an individual will pay depreciation (calculated on the mileage and length of contract) plus an interest element of the vehicle cost. There is a fixed monthly payment that can include maintenance and the road fund licence for the period of the agreement. At the end of the agreement the vehicle is returned to the contract hire company. The other option is Personal Contract Purchase with this scheme; part of the capital (calculated according to length of contract and anticipated mileage) for the vehicle is paid back, including interest, over a set period. At the end of the contract period the user has a choice of either giving the vehicle back or paying off the guaranteed future value or balloon and owning the vehicle (the equity left in the vehicle can be used as a deposit towards the next contract or vehicle). The biggest benefit for either of these schemes is the much-reduced monthly payment compared to Hire Purchase, in other words you only pay for the true monthly cost of the vehicle.

Personal Contract Features:
•  fleet rates extended to individuals
•  low initial outlay
•  low monthly payments
•  maintenance package available
•  option to purchase (pcp)
•  no risk diposal
•  available to personal users

Leasing (Finance Lease)
In this case the financial responsibility for the vehicle is borne by the lessee or customer. The vehicle is leased from a finance company; the monthly payments are calculated on the value of the vehicle excluding VAT (unlike hire purchase which is calculated on a fully inclusive amount) . Part of the capital can also be deferred to the end of the contract. The lessee is responsible for disposal at the end of the period and benefits from any disposal profit. This type of agreement attracts VAT, which can be reclaimed in the same way as in contract hire (100% for commercial vehicles and 50% for cars).

Finance Lease Features:
•  low initial outlay
•  low monthly payments
•  vat efficient (can reclaim all or part)
•  available on nearly new vehicles
•  maintenance packages available

Non-Status Leasing / Contract Hire programme
if you have been declined credit, have CCJ’s, are a new start business or are having difficulty in obtaining credit then this method provides a solution. You have all the benefits and features of our ordinary contract hire and leasing, we can even provide full service, maintenance and repair if you wish. With prices comparable to contract hire and less expensive than conventional rental, you don’t end up paying a premium.

Non-Status Contract Hire Features:
•  short or long contract periods
•  poor or no credit history
•  CCJ's
•  available to personal or business
•  vat efficient (can reclaim all or part)
•  no risk option
•  vans available
•  prestige vehicles available

Service and Maintenance Package
For a fixed monthly cost, we will cover your day-to-day car maintenance; it’s hassle-free motoring and takes the worry out of caring for your vehicle!
Our maintenance contract will cover your vehicle for routine services, tyres, exhaust, wipers, batteries and bulbs. You even have breakdown cover and accident management included for the duration of the contract. In the event of an accident, we’ll make sure we get you back on the road as fast as possible, regardless of fault – 24 hours a day, 365 days a year. Of course, there are a few costs that your contract won’t cover – fuel, insurance and accident repairs.
The cost depends upon your vehicle, how long you intend to keep it, and how many miles you drive. We’ll be clear about the cost of your cover right from the start – it’s fixed for the agreed period of your contract.
There are no hidden extras, and no small print – if you have any questions about your cover, simply refer to your handbook, or call us.

SPECIAL

OFFICE HOURS ONLY

PROMOTION

Man & Van Hire Only £45

Don't sweat it!

Hire an extra pair of hands from Condor.

Call 0845 500 1 500

or email for a quote.