This unique offering from Sherwoods Motor Group can help customers to free-up their cash-flow by deferring the VAT equivalent amount payment to later in the agreement, after the customer has
reclaimed the VAT amount from HMRC. VAT Assist works like a traditional HP loan, the only difference being that the customer will not generally need to pay a deposit (although they can). The equivalent of the VAT due is then taken on the 3rd instalment as part of the payment plan.
MAIN FEATURES:
Available on vans only
• Maximum advance of £24,000 (£20,000 advance + £4,000 VAT)
• Maximum terms of 60 months
• Maximum vehicle age at inception is 10 years
• Maximum vehicle mileage at inception is 150,000
• Balloon for VAT equivalent amount due on 3rd instalment
• Admin fees is upfront/spread + £50
• Option fees are variable
• Pause Month is available with this product