We know just how difficult it can be to keep your business profitable, which is
why we provide a selection of methods to finance your next truck, trailer, plant
or machinery purchase from our vehicle auctions.
Our extensive contacts within the UK's leading banks, finance houses, asset finance
and commercial leasing providers, will give you access to a range of competitive
finance options which are flexible, hassle-free and designed to give you the buyers
Whether you need finance for a single vehicle or a whole fleet, our used truck finance
solutions are the ideal way to fund your next purchase and keep your business on
Finance solutions can include (subject to status):
- Hire purchase - a smart choice to buy a vehicle through regular
repayments without investing all of your capital
- Finance lease - a flexible and tax-efficient way to fund a vehicle
without having to draw on capital reserves
- Classic finance - cost-effective finance package that can lead
to full ownership of the vehicle
NOTE: we have the ability to raise Invoices to your chosen Finance
Own your vehicle through regular hire purchase payments
Hire purchase is a smart choice for you to purchase a vehicle through regular repayments
without investing all of your capital at once. The vehicle will appear as an asset
on your balance sheet and once you make the final payment it's all yours.
Hire purchase is often available in a number of types:
- Fixed rate Hire Purchase - allows you to purchase a vehicle with
regular payments that remain constant throughout the contract term - ideal if you
need to stick to an exact budget when interest rates vary - you'll always know how
much you need to pay.
- Variable rate Hire Purchase - allows you to make regular payments
that change with interest rates - so you could save money if you think interest
rates will fall.
- Hire Purchase with Balloon - a safe, low-risk option as you make
lower monthly payments plus a final lump-sum balloon payment at the end of the agreement.
Flexible and tax efficient vehicle finance lease
Finance lease is a flexible and tax-efficient way to fund a vehicle without having
to draw on capital reserves.
In addition, by adding a final lump-sum balloon payment to your agreement, it is
possible to drastically reduce monthly outgoings. Plus, at the end of the term there
are two attractive options - choose to extend the agreement for just a nominal secondary
rental fee, or benefit from receiving the majority of net sales proceeds.
Vehicle classic finance - tailored to fit your cashflow
If you are looking to own your vehicle at the end of the agreed term, this might
be the ideal solution. Classic Finance is a cost-effective finance package that
can lead to full ownership of the vehicle without having to invest all the capital
It can be tailored to fit with the cashflow of your business, with your vehicle
shown as an asset on your balance sheet. Benefits include:
- Choose from fixed or variable rates
- Reduced capital outlay to match costs with earnings
- Flexible payments tailored to your cashflow
- Full ownership after making all payments
- Optional lump-sum final balloon payment to lower monthly payments
For more information and an obligation free quotation speak to one of our Sales & Support team today.