Full and fair prices include servicing, tyres, glass, roadside assistance and 1000 miles per month. There’s no deposit and no delivery fee. Just add fuel and insurance.
No sneaky extras - you only pay extra if you treat the vehicle poorly, drive badly, fail to insure it properly or incur excess mileage charges at 10ppm.
Your committed cost is simply 3 months at the monthly rate. That’s a lot less than 48 months locked into a ‘great deal’ loaded with extras.
Here is a price comparison for a Ford Ranger Wildtrak with 12,000 miles per year:
|All Ex Vat||Dealer 48 Month Hire Purchase||Online 24 Month Contract Hire||DriveSimple|
|A||VAT Paid Up Front||£7,400|
|B||Total Vehicle Costs||£37,614||£12,382||£7,800|
|Annual Windows, Tyres, Road Tax and Roadside Assistance||£445||£445|
|C||Total Running Costs||£3,300||£1,783||Included|
|= B + C - A||Total Payable||£33,515||£14,164||£7,800 Every 12 Months|
|E||Min Term (months)||48||24||3|
|= D x E||Amount Committed||£33,515||£14,164||£1,950|
|£17k cash up front, you own the vehicle at the end which may or not be worth around £7000||£4k cash up front, you own nothing at the end but are committed for the full £14k.||Single Monthly Payment - Simple and Flexible|
|Certain need to operate > 4 Years||Certain need to operate > 22 Months||Everyone Else|
|Know which models and options to select||Know which models and options to select||Everyone Else|
|Experienced running vehicles cost effectively||Experienced running vehicles cost effectively||Everyone Else|
|Has Spare Cash flow for deposits||Has Spare Cash flow for deposits||Everyone Else|