Stratstone Used Guarantee
Why choose Stratstone?
Benefit from a regular payment structure with outright ownership of your vehicle
at the end of the term.
Choose your vehicle, the amount of deposit you want to pay; and decide on agreement
term between 12 and 60 months. Any deposit is deducted from the price of the car.
You make regular payments based on the remaining balance plus the agreement interest.
Once all payments have been made, you will own your vehicle outright.
Fixed regular payments for easy budgeting
You own your vehicle at the end of the agreement with no deferred lump sum to pay
No monthly payments, just a single, up-front payment followed by a choice of three
final options at the end of the agreement term.
We purchase the vehicle you choose, allowing us to claim back the VAT. This means
that your payments are calculated on a VAT exclusive price.
You choose the deposit and term of the agreement between 12 and 60 months. Your
rentals are spread over this period. At the end of the agreement, the end of the
primary period, the vehicle can be sold to a nominated third party with the proceeds,
less a nominal fee, being paid back to you as a rebate of rentals.
This rebate will attract VAT, so if you have reclaimed VAT during the agreement,
HM Revenue and Customs will need to know about VAT on your rebate. Alternatively
you may choose to keep the vehicle on a secondary period rental known as a ‘peppercorn’
rental. Alternatively, you may choose to reduce your regular rentals by deferring
a ‘balloon’ payment to the end of the agreement. Agreement terms for this option
are between 12 and 48 months.
At the end of your agreement, the primary period, you pay the balloon; the vehicle
can then be sold to a nominated third party with the proceeds, less a nominal fee,
being paid back to you as a rebate of rentals. Again this rebate will attract VAT,
so if you have reclaimed VAT during the agreement, HM Revenue and Customs will need
to know about VAT on your rebate. Alternatively you may choose to keep the vehicle
on a secondary period rental, known as a ‘peppercorn’ rental.
Rentals are lower as they are calculated on the VAT exclusive price of the vehicle
VAT registered businesses can reclaim a portion of the VAT paid on rentals
Rentals are allowable against tax
The vehicle can be shown as an asset on your balance sheet
Low initial outlay and regular rentals for easy fixed budgeting
If you want to make fixed regular payments, guarantee the future value of your vehicle,
and have a choice of three final options at the end of the agreement term, this
option is right for you.
Choose your vehicle, agree your annual mileage and decide on agreement term between
20 and 48 months. We will then determine the Guaranteed Minimum Future Value (GMFV)
of car at the end of your agreement. The GMFV is deferred to the end of the agreement
and is the Optional Final Payment. The GMFV and any deposit are deducted from the
price of the car. You make regular payments based on the remaining balance plus
the agreement interest.
At the end of the agreement, just choose from one of the following options:
Renew - Choose a new car from your Stratstone dealer and use any excess value
over the GMFV towards your deposit. You can trade in your old car or sell it privately.
Retain - To keep your car, you only need to pay the GMFV.
Return - Simply return your car to Stratstone in good condition and within
the agreed mileage.
Your regular payments are reduced because the GMFV is deferred to the end of the
The Guaranteed Minimum Future Value protects you against any potential fall in used
With shorter terms you can be driving a new vehicle more often, meaning your servicing
and maintenance costs may be reduced
Flexibility – you choose the deposit, annual mileage and agreement term, to suit
your needs, then at the end of your agreement you choose which of the three options
is right for you
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