MAN Financial Services - Vehicles

FLEXIBLE FUNDING SOLUTIONS FOR MAN VEHICLES

INTRODUCING MAN FINANCIAL SERVICES

MAN Financial Services are the recommended funder for customers of MAN Truck and Bus UK Ltd. Whether you’re looking to invest in a single vehicle, or a full fleet you can expect fast, flexible funding solutions and a seamless, straightforward process that makes MAN Financial Services the one-stop-shop for all your commercial vehicle needs.

Our team of Business Development Managers are industry experts who maintain a direct relationship with MAN Truck & Bus UK Ltd, to ensure that the product you choose is specifically tailored to your business needs.

With this pack, you can learn more about our available usership and ownership products, as well as understanding who we are as a business and what we stand for.

Funding Solutions Choices

Contract Hire

Finance Lease

Hire Purchase

Discuss funding solutions with us: 0370 900 7060 | www.financialservices.man.eu/uk | MFSContact@vwfs.co.uk

Operating Lease

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MAN Financial Services @MANFSUK @MANFSUK

CHOICES

FROM MAN FINANCIAL SERVICES Working with you and your business

Negotiable initial deposit

Monthly payments to suit you

A range of end of contract options

How Choices works

Key benefits

This product is broken into three parts and offers both flexibility and simplicity at the end of your agreed contract term. We will work with you to create the solution that’s right for your business and at the end of the term you can choose the option that works best for you.

• Low capital outlay required as deposit

• An initial deposit – negotiable but typically up to 10% • Monthly payments – over a period to suit your requirements • A guaranteed future value – giving you choices at the end of your contract term: - Pay the guaranteed future value of the vehicle to give you total ownership - Extend the contract term, with no additional interest charge until the guaranteed future value has been amortised* - Return the vehicle to MAN Financial Services** - Part exchange or sell the vehicle to release any equity gained *conditions apply. **vehicle will be inspected to ensure it meets our standard return conditions and agreed mileage.

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• Guaranteed Future Value known from the start of the agreement • Flexible contract to meet your term and mileage requirements • Simple and quick to arrange

CONTRACT HIRE

FROM MAN FINANCIAL SERVICES Cost-effective vehicle operations without ownership

Low Initial Rental

Monthly rentals (including repair and maintenance)

Return the vehicle

How Contract Hire works Contract Hire from MAN Financial Services offers a complete package, enabling you to hire the use of a commercial vehicle against a fixed period and anticipated mileage. When the contract period ends, you simply return the vehicle to us and, providing it meets the return conditions and mileage parameters agreed at the start, you have nothing more to pay.

Key benefits • Low initial outlay • Fixed cost that includes repair and maintenance

You can configure your contract to include any of the following additional options, giving you a complete, worry-free solution:

• Less administration at the end of the contract

• Road Fund Licence over the contract period

• Off Balance sheet funding

• Repair and maintenance, with the exception of accidental damage • Uptime guarantee • European breakdown cover • Collection and delivery • Replacement tyres for the vehicle • Fleet management • Telematics

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• Rentals are allowable against taxable profits

FINANCE LEASE FROM MAN FINANCIAL SERVICES Tax-efficient vehicle acquisition

Initial Rental

Monthly rentals (from 12 to 96 months)

Extend the lease or sell the vehicle to a 3rd party

How Finance Lease works

Key benefits

Finance Lease from MAN Financial Services allows you to acquire a new MAN vehicle in a tax-efficient way meaning you can avoid drawing on your company’s capital reserves.

This is an on-balance sheet finance product. Payments can be tailored to suit your business cash flow needs, with flexible deposits and a hire period from 12 to 96 months.

• R entals can be offset against taxable profits • Y ou can also benefit from writing down allowances, which is reflected in our competitive rates • T his option can also be fully amortised or have final payments based on the future value

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• V AT spread over the term of the lease (VAT applies to rental, not purchase price) • A t the end of the agreed term, you have two options:

- E xtend the lease for an annual peppercorn rental

- Sell the vehicle and retain the majority of the sale proceeds

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• F ixed payments for ease of budgeting • T ax benefits • S hows as an asset on your balance sheet • T he VAT is added to each rental rather than being paid at the outset • M ost of the benefits of ownership

HIRE PURCHASE FROM MAN FINANCIAL SERVICES Flexible and cost-effective funding

Pay a Deposit (negotiable, but typically 10%)

Monthly payments (from 12 to 96 months)

Own the vehicle

How Hire Purchase works Hire Purchase from MAN Financial Services allows you to efficiently own a MAN commercial vehicle, spreading the cost to suit you and your business. We offer flexible deposits and a hire period from 12 to 96 months. This option allows you to keep bank funding lines for core business investment.

After making the primary period payments, there’s a small option-topurchase fee enabling the title of the vehicle to pass to the customer.

Key benefits • Customers can make full use of Annual Investment Allowance as well as Writing-Down Allowances • I nterest payments are tax-deductible • V AT can be recovered on the asset purchased • C ustomers can benefit from additional lines of credit • S hown as an asset on your balance sheet

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OPERATING LEASE FROM MAN FINANCIAL SERVICES Tax-efficient vehicle leasing

Low Initial Rental

Monthly rentals (from 12 to 96 months)

Return the vehicle

How Operating Lease works

Key benefits

An Operating Lease agreement from MAN Financial Services allows you to lease a vehicle for a specific period which is shorter than the asset’s working life. As well as low-cost fixed monthly rentals, you hold no risk on the resale of the vehicle at the end of the agreed term for this off-balance sheet solution.

• L ow initial outlay

This option offers the lowest pre-tax rentals of any finance products offered by MAN Financial Services. You have all the benefits of using a vehicle on the road, whilst bearing no risk of depreciation. At the end of the agreement you simply return the vehicle to us and, providing it meets the return conditions and mileage parameters agreed, there is nothing more to pay.

• R entals are allowable against taxable profits

• O bsolescence is avoided through fixed period funding

• R isks of ownership and depreciation are removed* • O ff-balance sheet option * Standard return conditions must be met

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Correspondence address MAN Financial Services Frankland Road Blagrove Swindon

SN5 8YU

Volkswagen Financial Services (UK) Limited Registered Office.

Brunswick Court,

Yeomans Drive, Blakelands Milton Keynes

MK14 5LR

Registered in England and Wales under number 2835230

* MAN Financial Services is a trading name of Volkswagen Financial Services (UK) Limited. Volkswagen Financial Services (UK) Limited is authorised and regulated by the Financial Conduct Authority under registration number 311988 for credit and hire regulated activities and insurance mediation.