ELS Commercial Vehicle Finance: Your Partner in Business Expansion.

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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. 

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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

Commercial Vehicle Finance – ELS Solutions Offers Expert Advice

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.

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