This is a straightforward, affordable route to ownership and is the preferred funding option for many operators. At the start of your agreement, you pay a deposit on the chosen vehicle, then throughout the duration of your agreement, you pay the agreed fixed payments until the remainder of its value is repaid. This allows for easy budgeting and the agreement can be adjusted to suit your budget. An optional final balloon payment can be incorporated to reduce your payments throughout the term.

At the beginning of your agreement, you pay an agreed number of advance rentals in advance. Your monthly rentals are based on the difference between the initial value of the vehicle and its projected residual value at the end of your agreement. Therefore, only a proportion of the vehicle’s value is repaid, which avoids a large initial outlay and keeps monthly payments lower. At the end of the agreement, the vehicle returns to the funder, leaving no residual risk with the operator.

This option allows you to inject cash into your business by releasing equity tied up in existing vehicles. We will buy the vehicle from you and refinance it back to you over a fixed period, releasing capital for further investment into the company. Ownership of the goods returns to you upon completion of the agreement.

A seasonal payment plan that sits alongside your HP agreement can help you manage your cash flow throughout the year. The plan is tailored to mirror your busy and quiet times across the year so that you pay less during the quieter months and pay more during busier periods.