HASSLE-FREE FINANCING

Personal Contract Purchase (PCP)

A Personal Contract Purchase is a flexible and popular choice, as you can keep your monthly repayments lower by deferring a significant proportion of the amount of credit to the optional final payment at the end of the agreement. This means you can afford a better vehicle than you thought possible.

At the start of the agreement, the finance company sets a guaranteed future value (GFV) for your vehicle. You pay a deposit and then make the monthly repayments on the loan balance, plus the interest charges minus the guaranteed future value. At the end of the agreement, you have three options:

1. Pay the guaranteed future value, and the vehicle is yours
2. Hand back the vehicle with nothing more to pay
3. Part exchange the vehicle and use any equity as a deposit on your next vehicle

FAQs

VAT Assist

Get the van now, and pay the VAT later
VAT Assist is similar to a HP agreement, but it allows you to pay the VAT in the third instalment, so in effect, you can delay the VAT payment. It means you can get the vehicle now and pay the VAT later - if you are a VAT-registered, UK-based business.

This type of finance has a particular benefit for UK VAT-registered businesses, with the VAT payment not due until month three of the finance agreement. This is because it should ensure that the customer's quarterly rebate has been received.

There are other benefits to VAT Assist, such as having flexible terms for the repayment, and you get to choose how long the agreement is over to help manage budgets better. Plus, this is a fixed interest rate agreement, so there are no nasty surprises along the way.

It is worth noting that you or the business does not own the vehicle until the final payment has been made and that you cannot sell or get rid of the vehicle until all payments have been made, either.

FAQs

Fleet Funding

Grow the number of vehicles your business has on the road
Fleet Funding is a finance option for businesses looking to free up cash flow and grow their number of vehicles on the roads. We know that vehicles are expensive, and purchasing them to grow the business can be a tricky act to balance. Fleet Funding gives you an agreement in principle for when the time is right for you to purchase the vehicles and gives you peace of mind while growing and adding to the fleet.

No pressure
We simply give you an agreement in principle. This means there is no pressure from us to go ahead with a deal; you can take it away and think about it. There is no time limit; we will be here when you need us.

Convenience in mind
We know that running a business is tough. With so many things to think about and plates to juggle, we offer fleet funding for your convenience and to take one plate off you.

Cash in the bank
Businesses need capital and cash in the bank, so spending thousands on a new vehicle is rarely advantageous. Fleet funding allows your business to grow and for you to get cars on the road while keeping your cash in the bank.

Always on hand
We are a team of experts, and we will be on hand to help you with fleet funding and finding the right vehicles for your team and your business. Just call us or get in touch via email, and we will be there for you.

Fleet funding is a great option if you're looking to get more cars or any other vehicles on the road and are expanding the business. It helps to spread the cost and means that you can keep the money in the bank without huge outlays for vehicles.

Please note that you'll still have to apply for finance and that our decision in principle isn't a guarantee.

FAQs