GKS Of Ivybridge - Finance

HIRE PURCHASE
Hire Purchase allows the customer to spread the cost over a period of time with payments fixed at the same level throughout the agreement to provide accurate forward budgeting. Although title does not legally pass until the end of term, the item will appear from the outset as a depreciating asset on the balance sheet, reducing liability to tax through capital allowances. The instalments are shown as a liability in the accounts and the interest element is assigned to the profit and loss account.
 
LEASE PURCHASE
Lease purchase is in essence the same as a Hire Purchase - the main difference is in the terms and structure of the repayments. Some companies differentiate Lease Purchase from Hire Purchase by using it when the customer wishes to defer payment of a substantial part of the asset cost until the end of the agreement. This final or 'balloon' payment is built in to the end of the agreement and results in a decrease to the monthly rentals.

 

MECHANICAL BREAKDOWN GUARANTEE
With every retail vehicle purchase you will receive a comprehensive parts and labour mechanical breakdown guarantee. This guarantee will give you peace of mind when purchasing your new vehicle. A selection of components covered includes the following:
 

All internal engine failures
Cylinder head & gasket failure
Turbocharger
All internal gearbox failures
Clutch & operating mechanism
All internal differential failures
Brake master & slave cylinders

Starter motor & alternator
Steering box & power steering pump
Fuel pump
Shock absorbers & coil springs
Water pump & thermostat
Front & rear wheel bearings
Front & rear prop shafts

 

We can extend your warranty at time of purchase. Please consult your sales assistant to discuss pricing for protection for your vehicle

 TOWING IN
In the event of a total mechanical failure we will arrange to recover the vehicle without charge provided the mechanical breakdown is covered by this guarantee


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LOAN VEHICLES
Loan vehicles will be provided whenever possible subject to the customer insuring the said vehicle – Fully Comprehensive. Fuel used in loan vehicle must be replaced before return.
 

MAXIMUM CLAIMS LIABILITY
The number of claims are unrestricted during the period of this guarantee up to an aggregate value of the price paid for the vehicle.
For further details on our mechanical breakdown guarantees please contact us.
 

 

GAP (Guaranteed Asset Protection Insurance)
Buying a car is one of the largest purchases you may make during your lifetime, yet it is also one of the most vulnerable of all your investments. Car crime, insurance write-offs and depreciation are all hazards of modern motoring. Your insurance company may be able to cover most of the damage, but who will pay for your outstanding finance payments? Who will pay for the difference between your insurance company's payout and the original price you paid for the vehicle?
Don't gamble with the large investment you've made in your vehicle, check out the valuable cover that either GAP or RTI insurance can offer you

36 Months - £365 inc ipt

RTI (Return To Invoice Insurance)

Buying a car is one of the largest purchases you may make during your lifetime, yet it is also one of the most vulnerable of all your investments. Car crime, insurance write-offs and depreciation are all hazards of modern motoring. Your insurance company may be able to cover most of the damage, but who will pay for your outstanding finance payments? Who will pay for the difference between your insurance company's payout and the original price you paid for the vehicle?
Don't gamble with the large investment you've made in your vehicle, check out the valuable cover that either GAP or RTI insurance can offer you

Months - £365 incIPT