Our experienced team can save you time and hassle with car finance. We have a network of lenders and can present you with the best options available to assist with your preference. Depending on your situation and requirements, vehicle finance is available as a loan, lease or hire purchase arrangement.
This type of standard loan allows you to borrow up to 100% of a vehicle cost with fixed repayments over terms of up to 7 years. Usually the only security required for the loan is the vehicle being purchased. This means you don’t require any additional cash for the purchase if your loan application is approved.
With this approach, the company providing the lease owns the vehicle during the agreement period. When the lease ends, you will be given the opportunity to purchase the vehicle at a reduced rate (based on the agreed usage in the lease). You may also choose to terminate the lease at the end or start a new lease for an upgraded model. Many companies and self-employed people prefer leasing for tax advantages.
With hire purchase your payments are structured so that at the end of the agreement you own the vehicle. During the hire purchase agreement, the finance company owns the vehicle. This can be a suitable option for anyone needing expensive vehicles or machinery for their business.
Get moving now – speak with the Simplify Finance team today.