Finance Lease

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

• Deposits are usually the equivalent of three rentals. but can be any amount whatsoever
• Repayment period of up to 60 months
• VAT is paid monthly, 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 hirer benefits from 95% of sales proceeds (ex. VAT)
• Ideal for non-VAT registered business users looking for low initial deposit and maximum flexibility with no mileage clauses

PCP (Cars only)

Spread the cost of your vehicle by paying in fixed monthly instalments with terms from three to four years.

This product contains a balloon payment at the end of the finance agreement, which usually makes the monthly instalment amounts lower than a traditional Hire Purchase (HP) agreement. This is great for customers who like to change their vehicle frequently.

When you have paid off the finance agreement, and the final balloon payment or Guaranteed Minimum Future Value (GMFV), the vehicle becomes yours.

Alternatively you can return the vehicle to the dealership, use it as a part exchange against your next vehicle or refinance the balloon payment into a new HP agreement, subject to finance approval.

Hire Purchase

If ownership is a priority, then this is a cost-effective way to purchase your vehicle.

• Low Deposit – in many cases Vat Only
• Flexible Repayment period – up to 60 months
• Fixed Monthly Repayment aids budgetary control and cash flow
• 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 – 50% Year 2 – 25% Year 3 – 25% etc…etc…
• Ownership of the vehicle will pass when the agreement is completed
• Ideal for those who require ownership of the vehicle

What is Hire Purchase?

What is Personal Contract Purchase?

We are a credit broker and not a lender. We can introduce you to a limited number of lenders and their finance products which may have different interest rates and charges. We are not an independent financial advisor. We will provide details of products available from the lenders we work with, but no advice or recommendation will be made. You must decide whether the finance product is right for you. We do not charge you a fee for our services. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). The lenders we work with could pay commission at different rates. However, the amount of commission we receive from a lender does not have an effect on the amount you pay to that lender under your credit agreement.