UK’s Lowest Rates
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
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 four 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.
Lorries, Vans, Cars, Supercars, Coaches, Campervans, and anything in between. We have the right product to help you get the wheels in motion.
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.
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 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.
If you have already found the vehicle that you wish to purchase, call us today on 0333 015 3301 to start your finance journey.
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.
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.
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.
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.
If you operate a car dealership, you already know that offering finance is crucial to securing those all-important sales. Providing your customers with an attractive alternative to paying with cash is a great way to reveal the true sales potential of your business. By utilising Millbrook Partner Finance, you can offer finance as a payment method to your customers. Here are some key reasons as to why so many organisations utilise Millbrook Partner Finance.