Fleet Finance Solutions and Vehicle Funding Options
Find the right fleet finance options to unlock the potential of your business
We are fleet finance experts and can create a bespoke funding package to suit the requirements of your business, no matter your credit history or tax position.
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Fleet Vehicle Sectors
Vans
Taxis
Trucks
7.5 Tonne Lorry
Delivery Vehicles
Milk Floats
Electric Vehicles
Company Cars
Spread the costs of acquiring new fleet vehicles with our expert asset finance and vehicle funding solutions
Here at Asset Finance and Refinance we offer exceptional fleet solutions for all different commercial vehicle types and sizes, with benefits and specialist advice to help steer your business in the right direction and choose the right vehicle finance.
Almost all companies require a fleet of business vehicles in order to carry out their operations, however building this fleet can be a huge financial outlay. Whatever your fleet requirements, our range of funding options will unlock capital, improve cashflow and give your business the flexibility it needs to drive success. Avoid breaking the bank, spread costs and reduce risk throughout your business.
It's important to choose the right financing option for you and your business. We are experts at finding the right vehicle finance method for all industries, tailored to your unique financial and tax position.
Almost all companies require a fleet of business vehicles in order to carry out their operations, however building this fleet can be a huge financial outlay. Whatever your fleet requirements, our range of funding options will unlock capital, improve cashflow and give your business the flexibility it needs to drive success. Avoid breaking the bank, spread costs and reduce risk throughout your business.
It's important to choose the right financing option for you and your business. We are experts at finding the right vehicle finance method for all industries, tailored to your unique financial and tax position.
New or used fleet vehicles
Available on private purchases
Tailored finance packages
Long-term finance solution
Competitive finance solutions
Fixed monthly costs
Finance Lease for Fleet Vehicles
What is a Finance Lease?
Lease financing is a common choice for businesses that need assistance with funding a new asset, when personal contract hire is not an option.
A finance lease for fleet vehicles is where the ownership of the vehicles you acquire remains with the finance company and you are essentially hiring the vehicle from this company, similar to a rental.
This type of financing is also flexible, as businesses can choose the length of the lease and the amount of monthly payments to best suit their needs. At the end of the contract, businesses will have the option to return the vehicle, take out a new contract on existing fleet, or arrange a deal for a new vehicle.
A finance lease for fleet vehicles is where the ownership of the vehicles you acquire remains with the finance company and you are essentially hiring the vehicle from this company, similar to a rental.
This type of financing is also flexible, as businesses can choose the length of the lease and the amount of monthly payments to best suit their needs. At the end of the contract, businesses will have the option to return the vehicle, take out a new contract on existing fleet, or arrange a deal for a new vehicle.
New or used fleet vehicles
Available on private purchases
Tailored packages
Tax advantages
Fixed monthly costs
Van leasing options
Repayment calculator
Lease Purchase for Fleet Vehicles
What is a Lease Purchase?
The term lease purchase agreement refers to a type of asset financing that gives lessees the option to buy the leased assets at the end of the contractual agreement. An asset leased with an option to buy it at the end of the contract will typically have lower payments than if purchased outright.
This is an ideal financing solution if your business doesn't have the working capital available to pay large amounts to acquire the vehicles it needs. Poor credit rating? No matter - we source the best financing deals for people of all financial health ratings.
This is an ideal financing solution if your business doesn't have the working capital available to pay large amounts to acquire the vehicles it needs. Poor credit rating? No matter - we source the best financing deals for people of all financial health ratings.
Tailored packages to suit you and your business
Own the asset at the end of the contract
Competitive finance solutions
Spread the cost of acquiring equipment
Hire Purchase for Fleet Vehicles
What is a Hire Purchase?
As part of a hire purchase agreement, the buyer agrees to make regular payments over a certain period of time in order to eventually own the asset. The fleet vehicles you acquire with this traditional method of financing would be paid for in regular instalments until you reach the total value of all assets.
The biggest benefit of a hire purchase is that it allows the buyer to take ownership of the item immediately rather than waiting until they've saved up the full amount. Businesses can better manage their budgets and cash flow with the flexibility offered by this type of contract. You can continue using the asset or sell it at the end of the contract.
The biggest benefit of a hire purchase is that it allows the buyer to take ownership of the item immediately rather than waiting until they've saved up the full amount. Businesses can better manage their budgets and cash flow with the flexibility offered by this type of contract. You can continue using the asset or sell it at the end of the contract.
Fixed monthly costs to help with budgeting
Ownership at end of contract
Option to own
Balloon payment option
Competitive packages
Tax efficient
Start your new vehicle journey today
Get your application started online to find out the best rates you can access
Easy applicationAsset finance funding options for fleet vehicles
With access to over 40 funders, we can offer you highly competitive finance rates without the need to approach a bank.
Finance Lease
A finance lease is a method of financing assets where they remain the property of the finance company that hires them and you pay for the hire of the asset(s).
Lease Purchase
Regular payments are structured like a lease/rental agreement, but you agree to take ownership of the vehicle after all payments have been made.
Hire Purchase
You hire the goods and then pay an agreed amount by instalments. You don't own the goods until you have paid the agreed amount in full.
Efficient turnaround
Our application process is simple, and you can get your finance in as little as 24 hours (24 hours is possible but in reality it does take considerably longer). Our team of experts will also be with you every step of the away to offer any assistance you may need.
Personalised results
Tailored quotes specific to you and your needs, so you know you are getting the best deal possible. Every application is carefully looked through so we can do our best to solve your problem. If you are struggling to obtain funding, or have been previously refused, we are here to help you in any way we can.
Cash release
Using various methods of asset financing and refinancing can support the growth of your business by freeing up capital you can then inject elsewhere.
Expert knowledge
Asset Finance and Refinance industry experts that have specialist knowledge in different business sectors. We put our years of experience to use by helping provide a solution to your financial problem, regardless of your situation.
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Frequently Asked Questions
"Fleet" is defined as a group of vehicles, typically cars, trucks, vans or buses, that are owned or operated by a business, organization, or individual. A fleet can be used for a variety of purposes, including transportation, delivery, or other business needs.
Fleet finance is the process of securing funding for a fleet of vehicles. This can be done through a variety of methods, including traditional loans, leasing, and hire purchase. Fleet finance is a crucial part of running a successful business that relies on a wide range of vehicles, as it can help the company to acquire new assets in an affordable manner, maintaining a modern, environmentally friendly fleet.
Done through a financial institution, the terms of fleet financing will vary depending on the lender and your financial background. In most cases, the business will need to put down a percentage of the total cost of the vehicles as a down payment, and then make monthly payments on the remaining balance. There are some deals where you effectively rent assets from the lender, with no ownership options. The interest rate on fleet financing will usually be higher than a traditional auto loan, but the monthly payments will be lower because they are spread out over a longer period of time.
Yes, at AFARL, we are specialist brokers who source the best finance deals for our clients regardless of their credit history. In order to secure certain vehicles, you may need to put down a larger down payment to reduce risk to the lender.
© Copyright 2021 Asset Finance & Refinance Limited. All rights reserved. Authorised and licensed by the FCA.
Disclaimer: Asset Finance and Refinance limited act as a licensed credit broker and not a lender, authorised and regulated by the Financial Conduct Authority, registration number 773835. All finance is subject to status and income. Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required. Written quotations on request. Certain exclusions for NI residents. Asset Finance and Refinance Limited can introduce you to a limited number of finance providers based on your credit rating and we may receive a commission for such introductions.
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