Please Call Mark on 07976 656043........................Viewings Out Of Hours By Appointment Welcomed..........................

Finance

Having a LCV is an essential part of most Businesses. Choosing a LCV is a big decision and is usually one of the largest purchases that people and Businesses make. That’s why through our partnership with Close Motor Finance we aim to make vehicle ownership easy for our customers, helping them to pay monthly for the vehicle they want.

Conditional Sale (CS) Is The most Popular Agreement. 

Conditional Sale is a great option if you want to own the vehicle at the end of the term. It’s also the most straightforward finance product with fixed monthly payments and flexible deposits to suit all budgets. 

A deposit of the VAT at the current Rate of 20% or around 10% if not VAT Applicable is usually required and the term can be 1 - 5 years. The finance is also secured against the vehicle.

Representative 13.9% APR

 

 

​Poor Credit Rating ?

Can I get LCV finance with a bad credit history?

This will all depend on your current circumstances. We’d love to say ‘yes, absolutely!’ but unfortunately it’s a little more complex than that. With any form of finance there are always going to be people who are turned away, however, we will always try our best to get you approved if it is the right thing to do for you and the Finance Company.

If you have had CCJs, defaults, financial arrears, gone through bankruptcy or are self-employed it doesn’t necessarily mean you can’t get LCV  finance.

With our partnerships with other Finance Companies that specialise in helping people with a low credit score we can often secure the LCV people require with 3 months positive bank statements.

Representative 38.9% APR

 

Hire Purchase Pros & Cons

Pros

Simple to arrange

Fixed monthly payments

Fixed interest rates

Flexible term lengths 18-60 months

Vehicle belongs to you after final payment

You are protected under the Consumer Rights Act 2015

 

Cons

The vehicle is at risk of repossession if you do not keep up repayments

You do not own the vehicle until your final payment

Finance is subject to status and not guaranteed

Please give us a call on 07976 656043 or 01522 795050 to discuss any of your requirements or just an informal Chat.