We have a panel of lenders that enable us to offer you competitive rates and a swift underwriting decision.

Lenders often use different credit reference agencies and also apply the information to an underwriting scorecard differently - sometimes based upon the payment history of similar existing customers. Consequently we don’t take no for an answer and exhaust all avenues.

Also different lenders sometimes have different products and profiles, for example, some will offer 48 month finance whereas another lender may offer 60 month finance. Consequently we will utilise the best terms for the product and you the customer.

All of our lenders tend to be household names and High Street banks that you will recognise.

At present we do not accept finance applications online due to the confidential nature of the information. However our sales staff will be delighted to take your details over the telephone and get them over to the finance houses either by secure fax or input into a secure online facility.

We offer Hire Purchase, Finance Lease, Contract Hire and Lease Purchase:

Hire Purchase

If ownership is a priority then this is a cost-effective route to purchasing your vehicle

• The deposit is the equivalent of the VAT for the vehicle (Lower deposits available)
• Repayment period from 24 up to 60 months
• Monthly repayments are VAT free
• VAT deposit reclaimable (VAT registered customers)
• 100% of interest charges can be offset against taxable profits
• Vehicle is an asset on your balance sheet and benefits from writing down allowances Year 1 - 45% Year 2 - 25% Year 3 - 25% etc...etc...
• End of the contract period the vehicle is 100% owned by you.

Contract Purchase

Contract Purchase gives you all of the benefits of Hire Purchase (i.e. ownership of the vehicle) with all of the benefits of Contract Hire (i.e. no risk). you own the vehicle and we give you a guaranteed future value so at the end of term you can either hand the vehicle back and owe nothing or pay the balloon and keep it or sell it.

• Deposits are typically 3 payments + all VAT (just like Hire Purchase).
• Flexible Repayment period - up to 60 months.
• Fixed Monthly Repayment.
• Guaranteed Future Value of the vehicle (no risk of depreciation).
• Monthly repayments are vat free.
• VAT deposit reclaimable (VAT registered customers).
• 100% of interest charges can be offset against taxable profits.
• Vehicle is an asset on your balance sheet and benefits from the normal writing down allowances.
• Ownership of vehicle will pass when the agreement is completed
• Maintenance available if required
• Road Fund License (Road Tax) included for the whole term

Finance Lease

This facility provides the customer with the benefits of ownership with minimum deposit and maximum flexibility

• The deposit can be the equivalent of 1 months rental in advance or up to 50% of vehicle cost.
• Repayment period of between 18 and 60 months
• VAT is paid on every rental, then claimed back quarterly (if VAT registered)
• Rentals are 100% allowable against taxable profits
• Facility can have a balloon profile, which defers a large payment to the end of the contract - thus reducing monthly rental and aiding cashflow
• Vehicle sold or part-exchanged at end of contract with the hirer keeping 95% - 98% of the sales proceeds (ex. VAT)
• Best for non-VAT registered business users looking for low initial deposit and maximum flexibility
• No mileage restrictions apply

Contract Hire

Comprehensive, fixed cost solution where use of your commercial vehicle is important, but without the responsibilities of ownership. Essentially an operating lease with a full maintenance package.

• The deposit can be the equivalent of 1 months rental in advance or up to 50% of vehicle cost.
• Repayment period of between 18 and 60 months
• Contract Hire is essentially the same as finance lease but with the added option of a maintenance package and without the hassle of having to sell the vehicle at the end of the contract. Sometimes called an operating lease.
• Total budgetary control - fixed costs, as long as you stay within the mileage
• Monthly repayments are subject to VAT - VAT recoverable
• Rentals are 100% allowable against taxable profits
• Fixed maintenance package to include services, repairs, tyres, dependant on contract type
• At the end of the contract, simply hand the vehicle back
• The vehicle is subjected to an inspection, where any reconditioning costs are charged to the customer - Ideal for VAT registered larger fleet operators.
• The contract is mileage sensitive.

Lease Purchase

• The deposit can be the equivalent of 1 months rental in advance or up to 50% of vehicle cost. Plus the VAT on vehicle.
• Identical to the finance lease agreement.
• Repayment period of between 18 and 60 months
• Facility can have a balloon profile, which defers a large payment to the end of the contract - thus reducing monthly rental and aiding cashflow
• At the end of the period, you sell the vehicle to a third party for a reasonable market value and then buy the vehicle back for a £1. A simple paper work exercise, whereby you send an invoice to the third party company and they send an invoice back to you for the invoice amount plus a £1.
• Forward a copy of your invoice, with a cheque for 5% of the sales proceeds to the finance company
• You right down 100% of the cost and keep the vehicle at the end of the period.