Fancy a new company car? Or looking to go electric?
Whether you’re a partnership, a limited company, or a sole trader, acquiring your company car using company car finance product makes for an ideal scenario for most businesses.
With the ’24 plate registrations released last month, now may be the perfect time to explore what’s new to the market and give yourself an upgrade. Upgrade” can mean different things to different people, depending on what prioritises you have as a business.
- It could mean that switching to an electric vehicle is the right thing for you, if you are making lots of short distance journeys or you can charge at the office.
- Perhaps finding a vehicle with more space is more important if your job requires you to travel with lots of kit or tools.
- An upgrade could mean investing in a vehicle that’s more fuel efficient. Doing lots of miles definitely calls for a car that can achieve maximum miles to the gallon.
- It may even be that you’re not in the market for a new vehicle, but you could do with refinancing the one you’ve got to release some capital back into the business.
Newer technology is designed to be kinder on the environment whilst running smoothly, perhaps adding a level of stability to your business operations. Plus, with potential increase in residual value, your vehicle can retain more value at the end of a finance term.
Whatever you need for your business journeys, we can help you fund it. Let’s take a look at just some of the options available when it comes to company car finance.
Company Car Finance Options
1. Hire Purchase
Works just as it sounds, hire the vehicle until you’ve paid enough towards the agreement to purchase it. Offers fixed monthly repayments for simpler cashflow. Hire Purchase agreements can run up to 60 months.
2. Vehicle Refinance
Release equity from an existing vehicle to unlock otherwise tied up cash. Use the released funds for whatever business purpose you need, like boosting cash flow or making further investments.
3. Electric Car Finance
Reduce your carbon footprint and secure a 1% benefit in kind to ‘go green’. Electric car finance offers tax benefits to business owners whilst removing the barrier to environmentally friendly yet costly vehicles.
Company Car Finance Made Easy
Purchasing your company car on finance has never been simpler. Speak to one of our team today and let them help guide you to the right solution for you and your business.
With access to over 80 lenders, our team is dedicated to finding the right solution for you.
Call us on 01908 92 62 62 to discuss your requirements, or request a call back at a time to suit you using this link.