Balanced Payments Plan

Balanced payment is a finance option resembling Hire Purchase for contracts over £12.5K. Unlike Hire Purchase where interest is fixed, balanced payment tracks changes in the finance house base rate. As rates fall or rise, so does the interest charge you pay over the period of the contract.

After the initial deposit, the balance is repaid in fixed monthly instalments over an agreed period of 12 to 60 months. At the end of the agreement any interest variation is reconciled and settled as a final credit or a charge. Options include a deferred 'balloon' final payment or a lump sum payment to settle the agreement early.

Why consider Balanced Payments?
  • Low deposit - keeps valuable cash available

  • Flexibility - ability to make lump sum payments

  • Competitive - low cost options for early termination

  • Fixed monthly payment - perfect for budgeting

  • Tax benefits - Tax allowances for business users

  • Potential savings - save if interest rates fall

  • VAT free - no VAT on payments

Merry Hill Van Centre Ltd
Rear of Osprey Fabrications Ltd
Lyde Green, Cradley
Halesowen
West Midlands
B63 2PG

Tel: 01384 483535
Fax: 01384 411188
Mobile: 07950 311188

Email: info@merryhillvancentre.co.uk

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