The supply of new cars on finance based packages is a fast growing trend amongst business owners who choose to preserve their cash and take advantage of the discounts and attractive tax breaks available. Personal customers too are far more aware of the potential to acquire a new vehicle on finance terms and the UK’s love affair with car ownership and the kudos of a new car every few years is driving demand.
There has always been a strong argument for leasing a new vehicle rather than simply purchasing one outright using a large chunk of capital in the process. However, in todays market place the argument is compelling due to the large discounts available and the appetite of our specialist funding panel to provide finance against an asset that has a predictable value in the future.
Recent legislation by the Financial Conduct Authority has forced amateurs and “bedroom brokers” out of the market place which gives those who have met the stringent legal conditions that exist today a better market opportunity than ever before.