How much deposit do I need?
Some agreements start from as a little as zero. However, for the majority of agreements we would recommend a deposit from 10% of the value of the asset.
Which finance package would suit me best?
If you wish to own the vehicle/asset we would recommend either a Hire Purchase (HP) or Lease Purchase (LP).
If you wanted to have use of the asset but not own at the end of the agreement then Contract Hire, Operating Lease or Finance Lease may be the option for you.
You can find out more about our finance options in our Finance Solutions Explained page.
Alternatively speak to one our experts on 01603 733500 or email Consumer Credit Act (CCA). After making the outstanding payments you will be entitled to a rebate of interest charges for the period of time that would have been left on the agreement.
If you have an unregulated agreement there is no provision for early settlement. If you want to get out of the agreement, you will have to pay all the outstanding payments. However, some lenders will give a very small % reduction.
Can I transfer my agreement to someone else?
Personal agreements cannot transferred. Agreements would need to be settled by the original party and a new agreement can created for the new applicant.
Corporate agreements can potentially be novated across to a new business.
What paperwork do I need?
We ask all clients to complete an initial Finance Proposal suitable for the applicant status (Personal or Business Application).
Private clients shall need to produce photographic ID in the form of a Drivers Licence or copy of a Passport. Whereas Business Clients will have to provide a copy of the most recent business accounts or bank statements for the business over the last three months.
What are my termination rights?
Regulated agreements can be cancelled within 14 days.
Unregulated agreements have no cancellation rights.