Transportation expertise
With experience funding a wide range of wheeled assets, we understand the market, your business, and the vehicles you need. With in-house asset management, we've got the expertise to set market-leading valuations.
Our expert team are on hand to discuss your transport finance needs and take you through the different options.
With experience funding a wide range of wheeled assets, we understand the market, your business, and the vehicles you need. With in-house asset management, we've got the expertise to set market-leading valuations.
We can offer a number of funding solutions across various products. With daily payment runs, we're able to quickly release funds to you or your supplier.
Our specialist sales, underwriting and operations teams are here to make sure you get the support you need. With dedicated field and office contacts, you've got named support at the end of the phone when you need it.
Any vehicles used in a business context, whether they are for employees or heavy goods vehicles (HGVs), are considered assets. These vehicles can often come with a high upfront costs which many businesses wish to spread over a period of time.
This is where asset finance comes in, offering products like hire purchase, leasing (including finance lease, and operating lease), as well as refinancing options for existing assets
Any industry or sector that uses vehicles in its day-to-day operations can benefit from transport finance packages. In particular:
Any industry or sector that uses vehicles in its day-to-day operations can benefit from transport finance packages. In particular:
For new transport assets, we can offer:
This is a finance option suitable for businesses looking to purchase and own new vehicles, but want to spread the cost into regular payments rather than paying upfront.
We offer two types of leasing for transport: finance lease and operating lease.
For your existing assets, we also offer refinancing to release equity and to produce an injection of cash that can be used to fund a variety of activities.
Transport finance offers many advantages compared to paying for vehicles outright:
Spreading out the cost of new vehicles over multiple months reduces the upfront expense your business faces. This allows you to keep money aside for emergencies or immediate business expenses, while still giving you the ability to utilise the asset.
With a fixed monthly payment, organising and planning your finances becomes a much easier exercise. Knowing what you’re paying each month can make budgeting much easier, especially in the case of fixed-rate vehicle finance.
Monthly repayments made through vehicle finance can be claimed back as a business expense, making it a tax-efficient approach to acquiring new vehicles.
Business Development Manager
Hire Purchase is a popular method of securing vehicles for business purposes, especially if your intentions are to own the vehicle at the end of the term.
Following a deposit being made, monthly payments are then agreed between a business and its lender with a tailored repayment plan. Once the final payment is made, businesses have the opportunity to pay a small fee in order to become the owner of the vehicle.
Finance lease is useful for businesses that wish to frequently exchange their fleet without being tied down to the costs of ownership. Once a lease term ends, businesses can either:
An Operating lease is often used by businesses that only require the use of an asset for a specific period of time. Under this agreement, the business pays for the use of a vehicle, and gives it back to the lender when they’re finished.
The lender takes on the majority of the risk in this scenario, as payments are made in proportion to the predicted future residual value of the vehicle. If leasing a particularly sought-after vehicle, for example, the rental payments may be smaller, as the residual value of the asset may either stay the same, or increase.
We're proud to have been recognised for a number of industry awards:
Find out how we helped Sid Sadique, chairman at Electra Commercial Vehicles.
T&Cs will apply, subject to status and affordability. Any asset used as security may be at risk if you do not repay any debt secured on it.