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Vehicle Finance
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We specialise in offering finance deals that are both flexible and affordable to suit all budgets on your next vehicle.
At Premier Commercial Vehicles / Premier Cars we work closely with a number of specialist finance providers to give you the best possible rates for your budget.
We compare a variety of finance products to ensure you get the best deal when purchasing your next vehicle.
We have access to various lending corporations, as well as some of the more specialist and niche finance companies.
Our team take a personal approach to finance and we cater for all credit profiles, ensuring the best outcome for our customers.
Van Finance for Sole Traders
Whether you're an electrician, plumber, builder, delivery driver or self-employed tradesperson, van finance can help spread the cost of your next commercial vehicle. We work with a range of finance providers and can assist sole traders as well as limited companies.
Finance options are available on both new and used commercial vehicles, and applications are assessed individually. Our team can help you explore suitable options based on your circumstances and business requirements.
Can I Get Van Finance with Bad Credit?
Having a poor credit history does not always mean that finance is unavailable. We work with a range of lenders who may be able to consider applications from customers with CCJs, defaults, missed payments or other credit challenges.
Every application is assessed individually and we encourage customers to speak to our team about the options that may be available to them.
Hire Purchase (HP)
A simple way of financing that gives you the certainty of a fixed interest rate, and fixed monthly payments throughout the agreement. The initial deposit and repayment period can be structured to help meet your budget and the length of time you expect to keep the vehicle. You can trade-in your existing vehicle and put this towards the initial deposit, or if you wish, just put down a cash deposit.
After paying the initial deposit you make regular monthly payments to cover the amount borrowed plus any interest and fees
The interest rate is fixed which means you'll know exactly how much you will repay throughout the term of the agreement
Once all payments have been paid the vehicle is yours
Features and Benefits
- Fixed monthly repayments
- Low Deposit
- Ownership of van
- Budget with confidence
- Freedom, no mileage restrictions
- Ability to settle the loan early
Finance Lease
A lease is essentially a long-term rental agreement, offering exclusive use of a van for a set period at a fixed monthly price.
As a business, this is the most cost efficient method of funding the vehicles as it takes advantage of the tax and vat regulations to reduce the whole life running cost of your vehicles and is supported by the buying power of the finance company, to assist in reducing the cost even further.
The greatest cost of running any new van is depreciation, and many new vans will lose more than half their initial value after the first three years of ownership.
Leasing a van lets you avoid any unexpected costs by offering a fixed monthly payment for the term of the lease.
Unlike dealer finance or bank loans you only pay for the depreciation of the vehicle over the term rather than the full capital value.
Rather than pay large deposits you simply pay a small initial amount, usually equivalent to three monthly payments, at the start of the lease.
Then, at the end of the lease period you simply hand the vehicle back(subject to terms and conditions)
The job of selling the van and picking up the tab for depreciation is the responsibility of the lease company.
Operating Lease / Contract hire
Your vehicle is hired to you for a fixed period. Monthly payments based on the difference between the price of the asset at the start of the arrangement and the projected residual value dependant on contracted annual mileage plus any finance charges.
Thus only a proportion of the value is being repaid which avoids any large initial outlay and reduces the average monthly payment.
Personal Contract Purchase (PCP)
- PCP is ideal for customers who like the idea of changing their vehicles regularly, reducing the potential period of repayments, or simply want to leave their options open for a period of time
- By deferring an agreed amount to the end of your agreement you can potentially: change your vehicle more often to suit your needs, and stay within the warranty period; upgrade to get a higher specification model; reduce your monthly payments
- A PCP agreement can protect you from unforeseen depreciation of the vehicle’s value
- Deposits can be as little as one monthly payment
- PCP is a flexible product, giving you three options for the end of your contract. This decision doesn’t need to be made until the end of the agreement.
What happens at the end of my agreement?
At the end of your agreement you have three options:
- Exchange the vehicle for a new vehicle. The agreement will be settled and any excess sales proceeds can contribute to your new agreement (subject to application and acceptance).
- Pay the option to purchase fee and the optional final payment, then take full ownership of the vehicle
- Simply return the vehicle to the finance company (fees may be payable)