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.
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.
Hire Purchase Pros & Cons
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
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.