Vehicle Funding Options

Business and personal vehicle financing to suit your needs

It’s important to choose the right vehicle finance method for you, and with the wide range of choices, and the changing tax rules, it can seem like a complex decision to make.

It’s important to tailor solutions to meet specific needs – everyone has their own cost reduction, reward and risk objectives, plus a unique financial and tax position. So, to help you find the right funding solutions for you, we have a number of tools and teams available for you to speak to.

The funding options available

Business Contract Hire (BCH)Business Contract PurchaseBusiness Finance LeasePersonal Contract Hire (PCH)Personal Conditional Sale (Drivewise)Lease PurchaseMaintenance
Corporate Yes (Open & Closed calculation*) Yes Coming soon N/A N/A N/A Yes
Finance Broker Yes Yes Yes Yes Yes Yes **Yes
Personal N/A N/A N/A Yes Yes N/A Yes
SME Yes / FlexiPlan rental 3, 6 and 12 months Yes Coming soon N/A N/A N/A Yes

*If you’re after a flexible, actual-cost fleet management solution, Open Calculation may be a suitable option for you. At its core it is a contract hire operating lease product offering fixed monthly rentals based on contract lengths from 24 to 60 month periods and a flexible range of mileages. But as the name suggests, this product allows for greater transparency with every cost being disclosed to you. Not only that, with its unique settlement account approach, net disposal and maintenance profits are shared between the client and the leasing provider.

**Excluding Finance Lease and Lease Purchase

For guidance on BIK tax liability you may expect to pay for a particular vehicle and/or company provided fuel, click here.