Car & Van


Our sister company CARMERCIAL Leasing can offer a wide range of finance options for both personal and business vehicles


Any Commercial Vehicle for your business; but that's not all we do!

Our sister company CARMERCIAL Leasing can offer a wide range of finance options for both personal and business vehicles. These include Cars, Vans and Pick-ups to lease or purchase.

Business and Personal Contract Hire would be our most popular products but we also offer Hire Purchase (HP), Personal Contract Purchase (PCP) and Finance Lease to name a few. If you prefer to purchase a vehicle outright, we can facilitate a straight sale at a reduced rate using our fleet discounts.

With access to all of the major funders, UK-wide dealer groups and no ties to any manufacturer; we are able to sources the best deals in the market to suit you or your business.

Check out our website for more information, offers and advice.

Finance products for Commercial & Personal vehicles

Hire Purchase

HP is a secured loan on your asset. It allows you to acquire the asset immediately with a small deposit. You pay monthly instalments over the agreed term which spreads the cost of your investment. At the end of the term you can pay a nominal ‘option to purchase’ fee and you will own the asset outright.

HP helps keep capital in your business making it easier to budget. It is a popular finance product for businesses looking to purchase any type of asset.

Capital Release

Refinancing the current assets on your balance sheet is a great way to get a cash injection in to your business. We buy the asset from you; and you buy it back from us on a Hire Purchase agreement over an agreed term.

Improved cash flow and available funds can be used to acquire additional assets, or put it to use in any part of your business you choose. At the end of the refinance term you will once again own the asset.

Finance Lease

A finance lease can be set up as a full pay out agreement or with a balloon payment on the end. This allows you to acquire the asset without having to buy it outright. You choose what deposit you’d like to pay and the length of term. Rentals are paid each month and at the end of the contract you can return the asset to the funder, sell and keep a portion of the income or continue using the asset in a secondary rental period.

This flexible finance agreement provides a low initial outlay, VAT can be reclaimed on rentals and the cost can be offset against pre-tax profits.

Operating Lease

An Operating Lease or Contract Hire as it’s also known, allows you to rent the asset over an agreed term. A residual value (rv) is set by the funder based on the value of the asset at the end of the term.

Payments will be lower than that of an HP as you are only funding the depreciation of the asset during the time you have it, not the full cost of the asset as you would do if financing to own. At the end of the term you hand the asset back and walk away meaning you have less hassle trying to sell or negotiate a trade-in.

Asset finance covers a range of funding options available to businesses. A company may be looking to acquire new machinery, plant or commercial vehicles but rather than purchasing the asset outright, they can spread the cost, which helps improve cashflow whilst keeping capital in your business. Many assets are financed with the aim of owning at the end of the contract. However, other options are available which may include a lease.

A lot of businesses won’t have readily available funds to purchase high value items. Or even if they do, they may not want to use it in these uncertain times. More often than not they will look at financing.

Another option for a company that needs a cash injection is to re-finance their existing assets. The funder may purchase these from you and sell back on a finance plan. You get a cash lump sum and pay it back whilst retaining the asset for business use.

An asset is an item of value that can be converted into cash. This can cover a broad range of items. Business assets are acquired to serve their purpose within a company and as a tool to generate income.

In short, we can offer…

Hire purchase

Finance Lease

Operating Lease


Any business or organisation, including Sole Traders, Partnerships, Limited Companies and Public Limited Companies. The company will need to pass credit and affordability checks before finance is approved.

This may vary depending on the funder but usually ranges from £1,000 - £10 million. The amount of borrowing will be determined by your affordability and credit score.

Most Asset Finance agreements will offer a term of one to seven years to pay back. However, this may be extended in certain cases at the discretion of the funder.

The list of assets that can be financed is extensive and covers such a wide range of items. Generally the likes of vehicles, machinery, plant and equipment are the main ones and these are classed as Hard Assets. Soft Assets would cover the likes of furniture, IT, electronics, software etc.

Our funders are open to considering any Asset so please get in touch if you have something not on the general list.

Yes, quite often we will fund second hand assets. However, they must be in good working order and likely to remain that way for the duration of the finance agreement. Also the finance company will usually stipulate that it be bought from a reputable dealer rather than a private sale.

  • Smaller outlay when purchasing high-value items.
  • Spreads the cost over the term rather than having to pay a lump sum.
  • Fixed payments mean you can budget for your asset over the agreed term.
  • The equipment acts as security for the loan as its secured on the asset.
  • Full maintenance packages can be added to a lease agreement.
  • Keeps important capital safe in your business.
  • Avoid depreciation risks on a lease agreement.
  • Alternative to other lending methods such as bank loans or overdrafts, which typically charge higher interest rates.
  • Failure to pay will result in the equipment being removed and will affect your company’s credit score. This could cause serious issues for your business.
  • Leasing means you are paying for an item you may never own. However cost savings and lower payments still tend to make this a cheaper option.
  • Asset finance should be viewed as a long-term product to assist your business; not a short-term solution for money problems.
  • You will be liable for any damage to the asset if returning at the end of a lease.
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