Finance provided by Nissan Finance, Rivers Office Park, Denham Way, Maple Cross, Rickmansworth, WD3 9YS. Subject to status. Guarantees and indemnities may be required. You must be at least 18 and a UK resident (excluding the Channel Islands). Terms and Conditions apply. Please refer to your local authorised Nissan dealer for further information.
Nissan Finance
An important message for Nissan Finance Customers regarding Covid-19
As you will be aware, the Covid-19 outbreak is changing the way we all work in the UK. Nissan Finance has well-established and thorough contingency plans to allow us to continue serving our customers in such scenarios.
This includes our staff working from home. Rest assured that should you need to contact us by telephone, our staff will be fully equipped to deal with any queries you may have and will adhere to the same high standards of customer service and security, regardless of where they’re based.
Ahead of contacting us by telephone, we would ask you to access your finance agreement online in the first instance and “self-serve” where possible.
Our Customer Portal makes it easy to manage your agreement, any time you like, allowing you to:
- Update your personal details
- Update your address details
- Change the account your direct debit is paid from
- Change your payment date
- Check your outstanding balance and view your statement
- Make payments and receive confirmation by email
You can access the online portal here: https://www.nissanfinanceuk.com/online-account
If you’re not already registered to our online portal, you’ll find a video tutorial on the landing page explaining how to register. You’ll need your agreement number and some additional personal information to hand to complete your registration.
If you have already created an account with us, you just need to log in using your existing username and password.
NISSAN PREFERENCES (PCP)
Personal Finance
nissan preferences explained
What is PCP? Nissan Preferences is our Personal Contract Purchase product that stands out from the crowd in terms of the choice and flexibility.
HOW NISSAN PREFERENCES WORKS
- You let us know how much deposit you would like to pay.
- We will calculate your monthly payment based on the maximum annual mileage to suit your needs.
- We will calculate your Optional Final Payment depending on your driving requirements.
WHAT HAPPENS AT THE END OF THE AGREEMENT?
You will get a choice of three options when your Nissan Preferences agreement comes to an end.
- Drive away a new Nissan
If the vehicle is worth more than the Optional Final Payment amount, you could part exchange your vehicle by putting the difference towards a deposit on a new Nissan.
- Return your Nissan
Simply return your Nissan in good condition, within the agreed mileage limits, and pay nothing.
- Keep your Nissan
Pay the Optional Final Payment and be transferred ownership of the vehicle.
BENEFITS OF NISSAN PREFERENCES
The deposit is negotiable.
Fixed monthly payments.
Option to change your Nissan every 2 to 3 years.
Flexible end of agreement options.
Hire purchase
Personal Finance
HIRE PURCHASE EXPLAINED
Hire Purchase is the classical way to finance your vehicle. It involves paying off the cost of the vehicle with interest on a monthly basis. Despite being a great way to personally finance your vehicle, Hire Purchase is also a popular finance choice for businesses.
HOW HIRE PURCHASE WORKS
- You let us know how much deposit you would like to pay.
- From this we calculate, including interest, the monthly payments for the duration of the contract.
- At the end of the agreement, after all payments have been made (including the Option to Purchase Fee), ownership of the vehicle is transferred to you.
BENEFITS OF HIRE PURCHASE
The interest rate charged on the finance will remain unaffected by any future changes in interest rates.
The initial payment is flexible.
Fixed monthly payments are not subject to VAT.
Taxation benefit from writing down allowance.
No mileage restrictions.
Contract Hire
Business Finance
CONTRACT HIRE explained
Contract Hire is the most common form of vehicle leasing and offers many benefits to businesses. It allows a company to take on cars or vans for a set period of time and pay a fixed monthly rental. The company taking out the Contract Hire agreement does not own the vehicle, reducing the financial risk to the business and easing the administrative process of buying, servicing and disposing of vehicles.
HOW CONTRACT HIRE WORKS
- You pay the advanced rental ranging from 3 to 12 months upfront.
- Fixed monthly rental for the duration of your contract.
- At the end of your agreement, you simply return the vehicle back to us.*
*Subject to any excess mileage charges and damages which exceeds fair wear and tear.
WHAT HAPPENS AT THE END OF THE AGREEMENT?
Road Fund licence included.
Optional servicing, maintenance and tyre options brings all running costs into one package.
Reduced VAT paid by business, as monthly vehicle payments can be offset against taxable profits.
Vehicles on Contract Hire are classified as ‘off balance sheet’ and therefore has accounting benefits by improving the financial ratios for the business.
VAT registered businesses are able to claim 100% of the VAT back if the vehicle is used exclusively for business.
If vehicle used privately, 50% of the VAT can be reclaimed on the finance of the rental.
Finance Lease
Business Finance
finance lease explained
Finance Lease is a hire product which gives businesses the flexible option of retaining the vehicle (for a small annual fee) at the end of the agreement. However, the customer may also sell the vehicle to a third party once all the rental payments have been made. The customer retains 100% of the sales proceeds (paid as a rebate of rentals).
HOW DOES FINANCE LEASE WORK?
- You pay an advance rental followed by a fixed number of monthly rentals over an agreed contract period.
- To help bring down your monthly rentals, and improve cash flow, you can choose to take an optional balloon payment. The payment of the balloon is made at the end of the primary contract period. We will need an expected annual mileage to help us with this calculation. VAT is paid on the monthly rentals whereas with a purchase finance option the customer would be required to pay the whole VAT up front.
- At the end of the term there are two options. Even though you do not own the car, you can sell it on our behalf. You keep 100% of the sale proceeds, which you can then use as the advance rental for your next new vehicle. You may be able to offset this advance rental against your taxable profits*. Alternatively, once all the rentals and any balloon payment are paid, you can continue your contract with us by entering a secondary period of rental. You will pay a “peppercorn rental” of just £50 a year plus VAT. So, if your vehicle is still working hard for you, maybe with bespoke decals or fittings, you have the option to keep using it or replace it – the choice is yours!
BENEFITS OF FINANCE LEASE FOR YOUR BUSINESS
Fixed monthly rentals for ease of budgeting
Lump sum or number of rentals as an advance rental
Option to extend agreement into a ‘secondary’ contract period for a nominal annual fee of £50 plus VAT (peppercorn rental)
Option to include a deferred final ‘balloon’ payment to keep monthly costs low
Tax relief benefits the same as Contract Hire*
50% VAT usually reclaimable of cars*
100% VAT usually reclaimable on LCV’s*
Reduced VAT paid by business, as monthly vehicle rentals can be offset against taxable profits*
* We always recommend you take independent financial advice to determine how your own business can benefit from the advantages offered by financing your company vehicles.
Subscribe and drive
Driving doesn't need to be complicated. With Nissan subscription, having a car is less of a mammoth commitment - instead, it's simple, flexible and convenient.
Finance provided by Nissan Finance, Rivers Office Park, Denham Way, Maple Cross, Rickmansworth, WD3 9YS. Subject to status. Guarantees and indemnities may be required. You must be at least 18 and a UK resident (excluding the Channel Islands). Terms and Conditions apply. Please refer to your local authorised Nissan dealer for further information.
Finance provided by Nissan Finance, Rivers Office Park, Denham Way, Maple Cross, Rickmansworth, WD3 9YS. Subject to status. Guarantees and indemnities may be required. You must be at least 18 and a UK resident (excluding the Channel Islands). Terms and Conditions apply. Please refer to your local authorised Nissan dealer for further information.