The Business Finance Specialists
The Business Finance Specialists
Competitive Rates Available
Fixed monthly instalments
Flexible deposits and repayment terms
Tailored balloon payments aimed at reducing monthly repayments
Personal service, decisions made by humans not computers
Approvals typically granted within 24 hours
Commercial Vehicle Finance is a collective term that is used to describe finance products aimed at funding the acquisition of either a new or used vehicle.
We offer three core finance products, all of which can be tailored to suit your specific vehicle purchase. If you are looking to purchase your next commercial vehicle or dream car then a hire purchase or lease purchase option may be the best choice. Owners interested in unlocking capital in their vehicle can opt for an equity release type agreement. Stuck in a high-rate, uncompetitive agreement? – a refinancing agreement may help you lower the rate and monthly repayments.
As a UK specialist commercial vehicle finance provider, our dedicated team can support you as you find the perfect solution for your business. We offer bespoke funding to ensure all your needs are met, so no matter your needs or requirements, we can find the best possible deal for you
Lorries, Vans, Cars, Supercars, Coaches, Campervans, and anything in between. We have the right product to help you get the wheels in motion.
Enquiry – Submit an enquiry via our online form or speak to a vehicle finance specialist by calling 0333 015 3301.
Application – A finance application will be submitted to an underwriter with a decision granted typically within 24 hours.
Approval – Finance Approved. A copy of your finance agreement is sent to you for completion.
Payout – Upon receipt of your signed agreement, we process, activate and release funds to your vehicle dealership.
Commercial vehicle financing is a convenient way to purchase a car without having to put down a big down payment or buying the car outright in the UK. Although you don’t own the car, you can use your car as an asset for your business. If you decide to take out finance on a new car, you can specify how long you want to hire the car for.
Before you sign on the dotted line, you will be made aware of the usage parameters around financing the car. You can then make monthly payments until the end of the finance period. After the contract has finished you can decide if you want to keep the vehicle by paying off the balloon payment or hand the keys back to the dealer.
There are many different types of products, therefore, spending a bit of time researching which product is most suited is a useful exercise.
Hire Purchase
Hire purchase allows you to pay for your vehicle in monthly instalments and has the option to purchase the vehicle at the end of the agreement, by paying the option to purchase fee (typically £150). Once you have found the vehicle you would like to buy, simply provide us with the vehicle details (make, model, registration, cost etc.) and tell us the amount you would like to borrow.
At the end of the Hire Purchase agreement, you have the option to purchase the vehicle or part-exchange it to a newer model or different vehicle.
Key Features:
If you have already found the vehicle that you wish to purchase, call us today on 0333 015 3301 to start your finance journey.
Lease Purchase
A lease purchase agreement is similar to a hire purchase agreement. This type of agreement allows you to make fixed monthly repayments for the duration of the finance agreement. At the end of the finance term there is a final “balloon payment”, once paid the vehicle becomes yours. A lease purchase agreement typically spans between 2 and 5 years, however, Millbrook can provide an increased 7 year term under special circumstances. At the end of the agreement, you are required to pay the balloon payment, either through cash or by financing the balloon payment on a secondary finance agreement.
Key Features:
To find out how a lease purchase agreement can help you acquire your next vehicle, call us today on 0333 015 3301 or complete our callback form below.
Refinance
If you are stuck in a high-rate, uncompetitive deal, a refinance agreement may help release the shackles. If you have had enough of the uncompetitive terms and would like to reduce either the rate or monthly repayments, it is worth speaking to one of our vehicle finance specialists. We can refinance the existing agreement with your current lender and arrange bespoke terms to fit your exact circumstances.
Refinance can also be used as a way of refinancing the final balloon payment on a lease purchase agreement. If you do not have the cash to pay for the pay the balloon, or would simply like to spread the cost, we can help do exactly that.
Key Features:
To find out how a refinance agreement can help you improve the terms of your current finance agreement, call us today on 0333 015 3301 or complete our callback form below.
