ELS Commercial Vehicle Finance: Your Partner in Business Expansion.

What Is Commercial Vehicle Finance?

Vehicle finance helps businesses to spread the cost of a new vehicle over an agreed amount of time rather than paying the full amount up front.

Types of vehicle finance available:

Hire Purchase

Business Contract Hire

Finance Lease

Try our ELS finance calculator to get an idea of your monthly payments

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*For illustration purposes only. This is not an offer or quote for finance. if you are new start business or educational / local authority entity these guidelines rates are not applicable. Please contact us direct for a quote.

Hire Purchase (HP)

Hire purchase (HP) is a finance agreement whereby you hire the vehicle from the finance provider for the term of the agreement with the option to buy it at the end of the period. HP is often used by businesses who don’t want to be bound by mileage restrictions.

Benefits of HP include:

No mileage restrictions
VAT registered businesses can reclaim between 50% and 100% of the VAT
Option to own the vehicle at the end of the agreement
Available for new and used vehicles
Offset profits for tax relief

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Business Contract Hire

Business Contract Hire is a finance agreement where you choose the vehicle, maximum annual mileage, and desired length of the agreement. Once the agreement has ended the vehicle is returned and you have nothing further to pay.

Benefits of Business Contract Hire include:

Flexible terms to meet your business requirements
VAT registered businesses can reclaim between 50% and 100% of the VAT
Offset profits for tax relief
Fixed payments allowing you to manage your business cash flow
Zero depreciation risk
No final lump sum/balloon repayment

Finance Lease

Finance Lease is a popular choice for businesses needing cars, vans, and commercial vehicles. With this type of facility, you would hire the vehicle over an agreed term, once the agreement has ended you either return the vehicle or sell the vehicle and pay a percentage of the sale proceeds to the finance provider.

Benefits of Finance Lease include:

VAT registered businesses can reclaim between 50% and 100% of the VAT
Fixed payments allowing you to manage your business cash flow
No penalty charges for additional mileage
Available for new and used cars
No mileage restrictions

Commercial Vehicle Finance & Leasing

We offer a wide range of tailored, specialist financial solutions for businesses and we invite you to speak with a member of our expertly trained team to find the right solution for you.

Get in touch

Call us now:

0116 389 3839

Email us:

info@els.lease

CORPORATE INFORMATION

ELS (Equipment Leasing Solutions Ltd) is authorised and regulated by the financial conduct authority. Our firm reference number is 744837. We are a credit broker and not a lender. We will earn a commission if you take out a finance agreement and we do not charge for our services.

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