Vehicle Finance
At Poulton Vans we have built close and strong relationships with a number of leading finance companies allowing us to offer highly competitive
rates on all our finance deals.
Whether your credit rating falls into the Prime Business or Sub-Prime Business credit bracket, we aim to provide a tailored, individual and
affordable finance package for every customer.
Hire Purchase or Lease Purchase?
Hire Purchase allows you to spread the entire cost of the vehicle over a pre-agreed number of months. At the end of the agreement the vehicle becomes
your property. Initially you will be required to pay an upfront deposit as well as the full VAT on the purchase price. How much you pay each month is
determined by the cost of the vehicle, the amount of deposit paid and the length of the repayment period.
A Lease Purchase agreement requires a smaller initial financial outlay followed by monthly payments spread over a pre-agreed period of time. At the end
of the agreement you will be required to pay a final ‘balloon’ payment after which the vehicle becomes your property. This can be made by cash or
alternatively with additional finance or a part exchange. Lease purchase is suitable for most of our vehicles aged less than three years.
For further details, an ‘over the phone’ finance quote or to apply for any of our competitive finance packages, please call us direct on 01253 888300.
Prime and Sub-Prime Business
What type of finance package you receive is determined by your credit history which in turn will indicate the potential risk, if any, you pose to the lender/finance company.
Prime Business lenders generally have better rates of interest and are available to companies and individuals with strong credit ratings and those that pose a lesser risk to a potential lender.
Individuals and companies with a less than top quality credit rating may fall into the category of Sub-Prime Business. There are many companies now specialising in this area and we have contacts with some of the most competitive firms in the industry, providing you with the best rate of interest possible.