Business Finance

Hire Purchase

WHAT IS BUSINESS FINANCE HIRE PURCHASE?

A Business Hire Purchase is a simple way for your business to finance a vehicle over a flexible payment term, 1 to 5 years. Renault Finance will purchase the vehicle on your behalf. You then pay fixed instalments over the payment term. At the end of the agreement ownership transfers to you.

WHAT ARE THE MAIN BENEFITS OF BUSINESS FINANCE?

Fixed payments allow you to mange your budget effectively
Flexible payment terms to suit your budget
No mileage restrictions
You will own the vehicle at the end of the agreement

BUSINESS FINANCE TAX RELIEF AND VAT

For customers who are fully VAT registered, this tax can be reclaimed in certain circumstances for commercial vehicles.

 

Lease

WHAT IS A LEASE?

A Lease is an effective way for a business to use a vehicle without owning it. You only pay a fixed monthly instalment and can use the vehicle during the agreement without mileage limitation. At the end of your contract you can either:

  • Return the Vehicle
  • Take possession of the vehicle

WHAT ARE THE MAIN BENEFITS?

  • Benefit of ownership without being the real owner
  • Off balance sheet financing
  • Preserves working capital
  • Small deposit to pay

TAX RELIEF AND VAT

For customers who are fully VAT registered, this tax can be reclaimed in certain circumstances for commercial vehicles.

 

Lease + Buyback

WHAT IS A LEASE WITH BUYBACK?

A With a lease with Buy Back, you have the same advantage as a lease, which means that you can use a vehicle without owning it. You only have to pay a fixed monthly instalment and can use the vehicle during the agreement. At the end of your contract you can either:

  • Return the Vehicle
  • Take possession of the vehicle based on the fixed price that has been defined on the contract

WHAT ARE THE MAIN BENEFITS?

  • As for the classic lease:
    • Benefit of ownership without being the real owner
    • Off balance sheet financing
    • Small deposit to pay
  • Special benefits of a lease with Buy Back:
    • Reduced Monthly Payment
    • More Security / More flexibility

TAX RELIEF AND VAT

For customers who are fully VAT registered, this tax can be reclaimed in certain circumstances for commercial vehicles.

Why Choose Renault Bank

Renault Bank offer a full range of financial services that will enable you to purchase and protect the Renault of your choice. We offer competitive and flexible finance packages aimed at you, the Renault customer.

Renault Bank is a 100% subsidiary of the Renault Group. Since 2011, the Ireland subsidiary provides a range of financial services in the Irish market for Renault and Dacia customers. Renault Bank provides a range of financial product exclusively designed to meet Renault customer’s needs.

Why not visit us today and speak to one of our skilled sales staff about the benefits of Renault Bank for you?

We offer expert advice while at all times keeping in mind the customers needs and provide a package suitable to each individual customer.

Dennehy Motors act as a credit intermediary and are regulated by the Office of the Director of Consumer Affairs, in accordance with the provisions of Section 144 of the Consumer Credit Act 1995.

PCP & HP Explained

Personal Finance

Hire Purchase

Hire purchase is a simple and easy way to finance your car over a period of time that you choose, 1 to 5 years. Renault Bank will purchase the car on your behalf. You then pay fixed instalments over a flexible term of your choice. At the end of the agreement ownership transfers to you.

PCP

Renault ReFlex is a Personal Contract Plan (PCP), a flexible Hire Purchase agreement that enables you to have a reduced monthly payment thanks to a Guaranteed Future Value for your car in 3 years’ time. Having a Guaranteed Future Value for your car means that you can have a flexible finance plan that suits your circumstances and you don’t need to worry about the re-sale value of your Renault in 3 years’ time.

GAP Cover

A standard GAP insurance policy is sold for two hundred and ninety five euro, for a three year insurance policy, included in the price of this policy is insurer costs of seventy seven  euro, government tax of fifteen euro, administrative fees of fifty euro, Dealer commission of one hundred euro and RCI Bank and Services income of fifty three euro. The price of the GAP product and the associated costs will increase due to increasing levels of cover.

The administrative fee noted above includes (but not limited too) the following area of cost: Customer Service, Account Management, Website Maintenance, Training Costs, Distribution Costs, Product Information Documents, Qualifications Cost, Legal Costs & Documentation Fees.

Smart Cover

A standard smart  insurance policy is sold for three hundred and ninety nine euro, for a three year insurance policy, included in the price of this policy is insurer costs of one hundred and eighty nine  euro, government tax of nineteen euro and ninety five cent, administrative fees of fifty euro, Dealer commission of one hundred euro and RCI Bank and Services income of fourty euro and five cents.

The administrative fee noted above includes (but not limited too) the following area of cost: Customer Service, Account Management, Website Maintenance, Training Costs, Distribution Costs, Product Information Documents, Qualifications Cost, Legal Costs & Documentation Fees.

Key Service Cover

standard Key  insurance policy is sold for sixty euro, for a three year insurance policy, included in the price of this policy is insurer costs of eight euro, government tax of three euro and eighty one cent, administrative fees of twenty euro, Dealer commission of thirty euro and RCI Bank and Services income of eighteen euro and nineteen cent.

The administrative fee noted above includes (but not limited too) the following area of cost: Customer Service, Account Management, Website Maintenance, Training Costs, Distribution Costs, Product Information Documents, Qualifications Cost, Legal Costs & Documentation Fees.

Paint Protection Service

Keeping your vehicle in pristine showroom condition will enable you to safeguard its future value and help fight depreciation. One of the ways to achieve this is to have your vehicle treated with GEN3 Glasscoat. GEN3 Glasscoat eliminates the need for waxing and polishing by forming a deep, tough, high gloss, protective barrier which helps to keep your vehicle looking newer for longer.