Hire Purchase

This is a simple, straightforward way to spread the cost of buying a new or used car. The interest rate is fixed so your monthly repayments remain the same. The deposit is very flexible and the remaining balance with interest is repaid over a period between 12 and 60 months.

Unsecured Loan

Our unsecured loans can be used to purchases a new vehicle. If you are looking for a vehicle under £10000 then this finance product is worth considering. An unsecured loan is especially suitable if you are look to buy an older vehicle or if you are looking to buy a vehicle privately rather than from a dealer.

Personal Contract Purchase

Sometimes known as PCP this product is available to everyone (subject to status). PCP provides a new or used vehicle for a set period usually between 2 & 5 years. Similar to Contract Hire this has a low initial payment followed by fixed repayments over an agreed period with an agreed annual mileage. At the end of the contract period there is a final payment if you wish to purchase the vehicle or alternatively you can return the vehicle with no penalties.

Personal Contract Hire

Sometime known as PCH this product is available to everyone (subject to status) however it is primarily designed for people opting out of company car schemes. A PCH contract usually includes annual road fund license and if required can include servicing and maintenance. Rental periods vary between 12 & 60 months and usually a deposit of 3 monthly payments is required. At the end of the contract the vehicle is returned to the lender at the agreed mileage with no final payment to be made. Additional charges may be made for excessive damage or excess mileage over and above the contact terms.

Contract Hire

Contract Hire is a vehicle leasing contract for sole traders, partnerships, limited companies and PLC’s. the Hirer benefits by paying a single fixed rental each month. This includes road fund license and if required servicing and maintenance. Rental periods vary between 24 & 60 months, there is no large initial payment to be made as deposits are usually between 1 and 3 months rentals in advance. VAT is payable on the monthly repayments but is partially reclaimable by VAT registered companies or individuals. At the end of the contract the vehicle is returned to the lender at the agreed contract mileage with no final payment to be made.

Sale & Leaseback

If your company or business already owns a vehicle that has been purchase din the past, we can arrange to buy the vehicle from you to give an injection of capital to the business. The vehicle can then be leased back to you at competitive rates.

Finance Lease

A finance lease removes the pressures of a large initial outlay at the start of a contract. It is a proven method of giving your business access to the latest vehicles without actually having to take ownership and buy them outright. There are also tax benefits which make this an ideal finance method for many businesses.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.