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Independent Vehicle Consultants Limited (IVC) - Services


Contract Hire is a great option for companies who emphasise cost control. One regular and VAT- efficient payment will cover most motoring costs and risks, including the Road Fund Licence, depreciation and the eventual disposal of the vehicle. Many clients also choose to include a maintenance package that's designed to suit them. The only other costs remaining with the customer are fully comprehensive insurance & fuel.


Personal Contract Hire, as its name suggests, is essentially the same, and offers the same benefits as Contract Hire, but for private individuals. If you want fixed cost motoring, or have opted out of a company car scheme then Personal Contract Hire could provide you with hassle free motoring without the residual value risks associated with traditional ownership.

VAT is built into the monthly payments, but is not reclaimable by private individuals. Maintenance packages are usually available so that you don't get any nasty surprises.


Personal Contract Purchase suits people who want to own the vehicle at the end of the contract and who value expense control. It is an excellent option for those who have opted out of a company car scheme or for non-VAT registered companies. This is a variation on lease purchase where the 'balloon' or deferred payment is agreed and guaranteed.


Ideal for companies who cannot fully reclaim VAT and is particularly suitable for financing the more expensive cars on the fleet, typically those costing more than £25,000.00

The big difference between Contract Purchase and Contract Hire is that there is the opportunity to buy the vehicle at the end of the contract period. You have the option of paying a 'balloon payment' at the end of the contract which makes you the legal owner or alternatively you can return the vehicle to the funder.


Finance Leasing is a fixed-term funding option for companies who want to administer their own vehicles and who want to show these as an asset on their balance sheet.

Companies choose from 2 options:

To pay for the entire cost of the vehicle and the interest over the agreed lease period or

To make lower monthly payments by electing to make a deferred - or 'Balloon' Payment at the end of the agreement.

Whichever is chosen, clients never take ownership of a Finance Leased vehicle. It must be sold to a third party and a portion of the sale's proceeds, together with any 'Balloon Payment' must be paid to the finance company.