As of 2021 we are delighted to announce that we are able to consider finance applications for electric cars / vehicles. First business are able to offer the following headline parameters for both personal and business finance agreements.
- Hire Purchase and Lease Purchase
- Standard underwriting criteria
- 100% maximum loan to value
- Advances up to £125k
- Residual values up to 85%
- Deposits from nil
- Maximum age of vehicle at start is 3 years
- Maximum age of vehicle at term end is 8 years
- 24-60 months loan terms available
Finance lease offers low up-front costs and a repayment structure where rental payments can be tailored to match your cash flow. With fixed or variable interest options, you decide which suits you best. This offers tax advantages as VAT is payable on the rentals, not the purchase price, while payments can normally be offset against taxable profit (special rules apply to cars).
Hire purchase – sometimes known as lease purchase – is a simple repayment facility, where you eventually own the asset at the end of your agreement.
Car or van contract hire allows you to fix your costs without the burden and risk of owning your own vehicles and maintenance can be included. The cost will depend upon two main criteria: the annual mileage and length of hire.
Contract purchase is very similar to contract hire but, at the end of the contract, ownership can be retained by making a final balloon payment. Alternatively, the vehicle can be returned to the finance company for resale, with no further payments due.
- Spreads the cost – spreads the cost of your new vehicle over an extended period of time.
- It clears up capital – this means funding can then be put into other aspects of your business.
- Smooth process – our team of experts make it a pain free process to set up and arrange a finance agreement.
- Keep control over your finances.
- Contract Hire
- Aircraft & Marine Mortgages
- Sale & Leaseback
- VAT Funding Products
- Fixed & Variable Rates
- Structured Repayment Profiles
- Invoice Finance
- 100% Software Finance
- Business Loans
For any of these services one of our friendly and informed team will assist you on 01634 386869.
“In a few words Aston, I just want to say that I am absolutely delighted with your service. It is really refreshing to work with you. You are truly interested in your client’s needs, circumstances…
Paul Dawber – Director
“This is the second time using Aston’s services and again, he was on the ball, quick, and got me a better deal than elsewhere. I couldn’t really ask for more and will 100% recommend him…
“After having a not so good experience with another finance company, I wanted someone that I could pick up the phone and talk to, instead of being passed around the office to no avail. I…
“We are partnered with First Business Finance purely because of the brilliant service our customers get from Aston and the vast array of funders the company has to hand, offering the best finance solutions on…
Omar Ali – Director
“Top job from Aston! He found me a deal for my New Refrigerated Freezer Vans that was both competitive and had a low initial deposit, so it didn’t affect my cash flow. The purchase was…
“I have been working with Dave for nearly 4 years now and he always manages to get me the right finance package. No matter the age of the vehicle or type of the asset. He…
First Business Finance offers a wider range of finance options than most of its competitors. Whatever our clients’ requirements, we can provide a solution that meets their needs.