Vehicle Finance Solutions
Anglo Scottish provides vehicle finance solutions for your business – whether it’s cars, vans, trailers, or commercial HGV vehicles. As experts in the automotive finance sector, we’re committed to providing you with a route to business car finance that works with your current financial situation while giving you the resource you need to succeed.
With a flexible approach to supporting your business, our vehicle finance solutions include:
Contract hire lets you drive brand new vehicles without having to make a significant financial outlay, spreading the cost over a set period of time. With contract hire – a vehicle finance solution that offers fixed monthly payments, the ability to pool mileage across the fleet and no concerns about disposal or depreciation, budgeting for fleet costs becomes simple. Servicing, maintenance and tyres can even be included as part of your business car finance plan for added peace of mind. At the end of the contract hire agreement, you simply hand back the vehicle. Find out more about your contract hire options.
Business Contract Purchase / Lease Purchase
You make a fixed monthly payment based on a fixed contract term and an anticipated mileage. With this type of vehicle finance, a final payment is set at the beginning of the contract based on the predicted future value of the vehicle at the end of the contract. At the end of the payment period, you can either buy the vehicle, sell the vehicle and settle the residual amount or simply return it to us (business CP only).
Hire purchase is a type of vehicle funding solution that brings you exceptional flexibility. This type of vehicle finance can provide you with an option that adapts to your requirements. Hire purchase has flexible deposits and fixed monthly payments, as well as the option to purchase the vehicles at the end of the term, this form of vehicle finance provides multiple options when you come to the end of the contract. And with the added bonus of potential capital allowance benefits, hire purchase may be the flexible vehicle funding solution that works for you.
This form of vehicle finance could reduce your upfront costs. Plus, we can tailor your finance lease rental payments to match your cash flow, and you have the option to choose fixed or variable interest payments to suit your needs. A highly tax efficient way of financing vehicles, a finance lease allows you to pay VAT on the rental payments, not the purchase price, and you can normally offset payments against your taxable profit.
If you don’t require the above business vehicle finance solutions, and you’re in a position to purchase business vehicles outright, Anglo Scottish can help. With years of experience working with customers on automotive funding solutions, we have access to excellent manufacturer discounts and can source your vehicles at very competitive prices.
Personal Contract Purchase (PCP)
A popular form of car finance, personal contract purchase brings flexibility and freedom of choice. At the start of the PCP contract you pay an initial ‘deposit’ followed by fixed monthly instalments. At the end of the vehicle finance contract there is a final balloon payment (set out at the start of the contract) which is due if you wish to keep the car, although this isn’t the only option. If you don’t wish to pay the final balloon and take ownership of the vehicle, you can simply return the car or use any equity in the car to build into a contract for a new car.
A personal lease offers drivers who do not want to own their car the opportunity to benefit from a company car experience, but without the cost of a taxable benefit. Personal Contract Hire allows the driver to make fixed monthly payments that can include routine servicing, maintenance, annual road fund licence, tyre replacement and roadside assistance.
A personal leases can be good vehicle finance solutions for staff who have chosen to take a car allowance, or for those who are not eligible for a company car.
With vehicle refinancing you can release equity from your existing fleet with no disruption to current vehicles with our sale and leaseback facility.
Release equity from your existing fleet with no disruption to current vehicles with our sale and leaseback facility. By releasing existing equity from vehicles that you already own, you’ll be able to apply for a refinancing solution that works with your existing assets and helps you to move your business onto greater heights.
Apply for vehicle finance with our team of asset finance experts. For further advice on all the vehicle finance solutions available to you, get in touch with our expert team today.