Business Finance Options

Reliable vehicles and the right finance plan can make a world of difference to your fleet operations. There are four types of vehicle finance available. We’ve broken them down so you can make the decision that’s best for your business.

Business Contract Hire

Our most popular leasing method is Business Contract Hire (BCH). It’s a straightforward, cost effective solution to your rental needs.

There are a number of benefits to Business Contract Hire:

  • Tell us how many miles you expect to drive and we’ll provide a fixed contract for a monthly rental
  • With only a low deposit required and the potential to reclaim VAT, BCH can reduce your costs and administrative duties
  • At the end of your contract we’ll collect the vehicle – with any depreciation costs on us.

Business Contract Purchase

Business Contract Purchase (BCP) is the close cousin of BCH, allowing you to purchase a vehicle and pay it back at a fixed rate on a monthly basis.

Benefits of Business Contract Purchase include:

  • More vehicle options than your budget would normally allow
  • No depreciation risk
  • At the end of the contract you can decide whether to keep the vehicle or hand back the keys.

Business Finance Lease

If your business needs reliable vehicles that can cope with regular use, consider a Business Finance Lease (BFL).

There are a number of advantages to a Business Finance Lease:

  • It allows you to hire a vehicle for an initial rental, plus fixed monthly rentals with a larger final rental payment at the end of the contract
  • You’ll get all the equity-building benefits of owning a vehicle, without the responsibility of actually owning - along with fixed rental payments
  • There’s the option to re-finance your balloon payment over a longer period of time.

Lease Purchase

Lease Purchase allows you to take advantage of the benefits of a fixed monthly lease.

Advantages include:

  • Contract periods of anywhere from 24 to 60 months
  • You benefit from effective budgeting and don’t have to pay VAT on monthly bills
  • You will be buying the vehicle at the end of your contract

There’s even more information about the advantages of business leasing in our ebook.
Download it now to discover in-depth insights about the benefits of leasing commercial cars and vans.
For more information on your business finance options, .
Or, if you’ve made a decision about how to finance your next vehicle, the next step is to get an online quote.