WHAT IS VEHICLE FINANCE?
Vehicle finance term for a range of options that allow you or your business to borrow the money you need to buy a new or second-hand vehicle – or lease it for a period of time, paying regular instalments until the agreement is complete.
There are several different types of vehicle finance available both individuals and business users.
Interest Payable (Representative APR 5.9%)
Total Amount Payable
Monthly Payments of
*Please note this quote is an indicative quote and is not final.
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Rates from 5.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status, and affordability.
Representative example: borrowing £ £40,000.1 over 5 years with a representative APR of 5.9%, an annual interest rate of 5.9% (Fixed) and a deposit of £0.00, the amount payable would be £768.59 per month, with a total cost of credit of £ £6,115.39 and a total amount payable of £ £46,115.49.
We are a Credit Broker and not a Lender. We can introduce you to a limited number of lenders and their finance products. We are not an independent financial advisor; we will provide details of products available, but no advice or recommendation will be made. You must decide whether the finance product is right for you.
Our aim is to secure finance for you at the lowest interest rate you are eligible for from our panel of lenders.
We do not charge a fee for our services. Whichever lender we introduce you to, we will typically receive a commission from them (either a fixed fee or a fixed percentage of the amount you borrow). For your reassurance, all of the lenders we work with could pay commission at different rates. For certain lenders, we do have influence over the interest rate, and this can impact the amount you pay under the agreement.
At Anglo Scottish, we offer competitive rates on both new and used cars, so whether you’re looking for a practical family car, a “hot hatch”, or a reliable SUV, we can help with car finance options.
Whether you’re looking for a van, truck, lorry, or HGV, we can help. As experts in the automotive finance sector, we’re committed to providing you with the right van finance solution that works for your current financial situation.
Whether you are looking to transport heavy equipment or precious loads, a pick-up truck could be a great option, and we can help you secure excellent truck finance deals to secure your perfect vehicle.
Whether you’re looking to beat the traffic on your morning commute, tear around racecourse on track days, or explore the countryside on a touring bike, we can help with our motorcycle finance options.
Electric Car Finance
Electric cars are quickly becoming a popular choice for drivers concerned about their impact on the environment and with the UK Government bringing forward their ban on new petrol, diesel, and hybrid cars to 2030, interest in electric vehicles will only increase.
Caravan & Motorhome Finance
Whether you’re looking to fund a caravan, campervan, motor home, or even a luxury lodge, we can help with convenient caravan and motorhome finance.
PERSONAL CONTRACT PURCHASE (PCP)
Personal Contract purchase loans are secured against the value of the car. You’ll pay a small deposit followed by fixed monthly payments. You won’t own the car at the end of the contract, instead, you will be given the option to either return the vehicle or pay off a balloon payment to keep it.
A flexible prestige car finance solution where the value of the loan is secured against the car. With fixed monthly payments, you’ll own the vehicle at the end of the agreement.
Hire Purchase is a way to finance buying a new or used vehicle. You (usually) pay an initial deposit, followed by monthly instalments until the value of the vehicle is repaid, at which point ownership is transferred to you.
Lease Purchase is a flexible agreement for customers who are seeking manageable monthly repayments.
Monthly payments are calculated based on a fixed contract term with an anticipated mileage and predicted vehicle value at the end of the contract. At the end of the payment period, you can either buy the vehicle by paying the residual value, sell the vehicle and settle the residual amount or return it.
Finance Lease is a flexible long-term rental agreement that allows you to make use of the commercial vehicle without the risks of ownership. There are two types of Finance Lease agreements – ‘balloon’ repayment and full payout.
The ‘Balloon’ repayment option allows you to defer a proportion of the vehicle’s value until the end of the agreement, leaving them with lower monthly rental repayments, whereas a Full payout is when you spread the amount financed equally over the term.
Refinancing is the process of taking out a new finance agreement to pay off any outstanding balance on a car finance agreement. There are 2 types of refinancing available, you can refinance the whole agreement, or take balloon finance. This is a great option if your circumstances have changed, or you wish to keep your vehicle at the end of a PCP agreement.
Levels Above Change Direction With Help From Anglo ScottishLevels Above pivoted its offering, mid-pandemic, with the assistance of Anglo Scottish who helped the company gain £160,000 in finance resulting in an increase in its profit margin, from 25% to 75%.
Asset Finance and Sole TradersFor many small businesses, accessing traditional funding from banks can be challenging, this is especially true for sole traders, which is why many chose instead to utilise asset finance. We take a look at why asset finance and sole traders work so well together.
Helping Centurion Travel thrive in Bath’s Clean Air ZoneDiscover how Anglo Scottish helped Centurion Travel upgrade its fleet with Clean Air Compliant vehicles.