Who Qualifies for Business Car Finance?
We help a wide range of business entities secure vehicle finance
Eligible Business Types
Key Considerations
Primary Business Use
Is the vehicle primarily for business use? This is crucial for tax benefits.
Business Stability
Lenders assess your business establishment and financial stability.
Expert Advice
We recommend consulting your accountant for specific tax implications.
Tax Benefits & Business Expenses
Significant tax advantages when financing through your business
VAT Reclaim
Reclaim up to 100% VAT on finance payments for business-only vehicles, or 50% for mixed use
Business Expense
Monthly installments, road tax, and fuel can be claimed as legitimate business expenses
Capital Allowances
Claim capital allowances based on vehicle CO2 emissions - up to 100% for low emission vehicles
HP vs. Business Contract Hire
Two popular options for business vehicle finance
Business Contract Hire (BCH)
Similar to long-term rental, you never own the vehicle. Lower monthly payments with no ownership responsibilities.
Advantages
- Lower monthly payments
- Simplified budgeting
- No depreciation risk
- Maintenance packages available
Considerations
- No ownership
- Mileage restrictions
- Early termination fees
- Wear and tear charges
Hire Purchase (HP) for Business
Option to own the car at the end of the term. No mileage limits and vehicle appears as company asset.
Advantages
- Ownership option
- No mileage limits
- Company asset
- Modification freedom
Considerations
- Higher monthly payments
- Depreciation risk
- Maintenance responsibility
- End of term costs
Why Choose Motor Finance Today for Business Finance?
Dedicated support for businesses of all sizes
Wide range of vehicles from vans to executive cars
Tailored solutions for your operational needs
Expert guidance on tax implications
Support for new businesses and start-ups
Fleet finance options available
Vehicle Types We Finance
Commercial Vans
Executive Cars
Pickup Trucks
Specialist Vehicles
Fleet Finance Available
Need to finance multiple vehicles? We offer competitive fleet finance packages for growing businesses.