Finance Solutions To Suit All Of Your Business Needs

Here at Buy A Van UK we don`t just supply vans and the finance for them, we also offer finance solutions for every part of your business working with our partners at Asset Finance Soloutions.

From funding hard assets such as computer systems, plant and factory equipment right through to invoice discounting and refinancing.

Here are just some of the products we can offer your business:

Operating Lease

This is a rental agreement which can be used to finance a broad spread of business assets but is particularly effective for financing heavy commercial vehicles. The Funder builds in a residual value to reduce the rentals, thus helping cash flow and making ‘off-balance sheet’ funding possible.

KEY FEATURES AND BENEFITS

 

Preserves cashflow – offers the obvious cashflow benefits of paying in instalments.

Initial deposits – can be as low as one monthly rental down with the VAT spread over the term of the agreement.

Competitively priced – the Funder or manufacturer takes the risk in the residual value of the equipment and factors this into the rental, bringing down the periodic cost to you.

Fixed maintenance contracts – can also be built in to the monthly rental

Tax efficient – the rentals can normally be offset against taxable profits

Asset normally treated as ‘off-balance sheet’ (subject to your auditors’ approval).

Flexible – at the end of the term, you can return the asset or extend the period. Either way, you do not carry the problem of disposal of the equipment.

Commercial Loans

KEY FEATURES

 
  • Fast flexible unsecured loans that can be used for any purpose to include, working capital, stocking finance, asset purchases, expansion capital and one off business expenses.
  • Advances typically from £5K to £250K with fixed monthly repayments spread from 6 months up to 5 years.
  • Unsupported personal guarantees are required from the Directors of Companies.
  • Loans are available to sole traders and partnerships.
  • A fixed establishment fee is payable, which is normally added to the loan to assist cashflow.

KEY BENEFITS

 
  • Loans can be arranged quickly and available for any purpose.
  • Enables expenditure made now to be spread over up to 5 years.
  • No need to provide tangible security.
  • All the costs of the loan are known up front, due to the fixed monthly repayments, which assists with budgeting.

Re Finance

Refinance is a finance facility which provides a simple way of releasing equity in unencumbered assets or assets nearing the end of their original finance arrangements. The result is a speedy cashflow boost to a customer’s working capital.

The customer invoices the sale of the assets at current market value (or slightly less) to the new finance company who then incepts a new finance agreement and the customer receives the sale proceeds less any residual finance that may have still been outstanding to the original funder.

It can also be a useful way of restructuring existing finance agreements to result in a lower monthly repayment, whilst continuing to have the use of the assets.

The new finance agreement can be either Hire Purchase or Finance Lease, depending on the customer’s particular circumstances, over a fixed period of time, usually a maximum of 5 years.

Hire and Lease Purchase

A straightforward repayment facility providing outright ownership at the end of the agreement. Repayments can be fixed and structured in a flexible way i.e. a balloon or final lump sum can be applied to reduce the monthly repayment.

KEY FEATURES AND BENEFITS

 

Preserves cashflow – offers the obvious cashflow benefits of paying in instalments.

Tax efficiency – as a business can claim writing down allowances and can offset interest payments against taxable profits.

Flexible – we can tailor deposits, periods and repayments to suit your specific personal or business requirements.

 

BALANCED PAYMENT PLANS

 

A variable interest rate but with fixed repayments.

When base rates fluctuate, only the number of repayments varies but the amount stays the same, thus helping your administration and budgeting.

Invoice Discounting

Release a percentage of your invoices instantly and allow us to take the strain of your debt collection and credit control. Overnight you could significantly boost your cash flow.