Finance made easy.
One of the most important steps in the car buying process is organising finance. We can help you complete these transactions with our network of accredited financiers and insurers.
Car Loan.
A car loan is one of the simplest ways to finance your new car.
A car loan differs from a general personal loan in that it is secured against the new or used car. This means that when the vehicle is disposed of (sold, traded in, and written off by the insurance company) the car loan must be paid out. The advantage is that interest rates are generally less for car loans than what you would expect for a personal loan. This is because the finance company views it as less of a risk than a personal loan (due to the fact that if you default on your car loan, the finance companies will as a last resort attempt to repossess your car whereas with a personal loan they can’t do this).
Interest rates for car loans on new cars are generally more competitive as the finance company recognises that a brand new car (with manufacturer warranty) will usually be a more secure form of collateral against the loan.
Car loans are generally taken by individuals as opposed to businesses and can be used to finance the full cost of the purchase including the on-road costs, insurance, warranties and even loan protection for the car loan itself..
Leases.
A Car Finance Lease is one of the most straightforward financing options for a business when purchasing a new or used vehicle.
Low or no deposit terms for the car finance lease may be available depending on circumstances and payments may be up to 100% tax deductible depending on tax status. A car lease differs from a Commercial Hire Purchase where the interest payable and depreciation is deductable.
With a car lease, terms can be set and with fixed interest rates, repayments can be budgeted throughout the leasing term of the car. You will also have the opportunity to own the vehicle at the end of the term of the car lease.