Rates from as low as 8.9%
Business car finance gives limited companies, partnerships and sole traders a way to fund new or used vehicles without tying up working capital in an upfront purchase. Streamline Car Finance arranges finance for one company car or several vehicles through Business Hire Purchase, Business PCP and Lease Purchase. We are an FCA-authorised credit broker with access to a panel of lenders. Our team explains the deposit, repayments, total amount payable, final payment and ownership terms, then manages the application through to vehicle collection or delivery.
A reliable vehicle may be needed for client meetings, employee travel and site visits. Finance leaves more working capital available for other business costs.
Company car finance spreads the cost over an agreed period. Ownership-led agreements transfer the car to the business after all required payments, while Business PCP provides several end-of-term choices. Finance is available for:
Terms will reflect the vehicle’s age, mileage and value, the deposit, repayment period and the applicant’s financial position.
When comparing company car finance, look at the total amount payable and end-of-term conditions as well as the regular monthly cost.
Businesses looking for a premium company vehicle can use Mercedes-Benz Business Finance to fund new or used cars across the manufacturer’s range.
The application uses the details of the company, partnership or sole trader. The usual process includes:
Each car finance application is subject to status and lender criteria. Some providers may ask for a personal guarantee when a company has a short trading history.
The right agreement will be shaped by your budget, expected mileage and plans for the car. We explain each route so you can compare the full cost rather than only the monthly payment.
Business Hire Purchase divides the cost between a deposit and monthly instalments. The provider remains the legal owner until all instalments and any option-to-purchase fee have been paid.
This suits businesses planning to keep the car, covering unpredictable mileage or wanting to avoid a large optional final payment. Standard agreements do not normally include mileage limits.
Business PCP defers part of the vehicle’s value to an optional final payment. This will often reduce the monthly payments compared with Hire Purchase on the same car and term.
At the end of the agreement, the business can pay the optional final amount to keep the car, return it subject to the agreed mileage and condition terms, or use any available equity towards another vehicle. Business PCP suits companies that replace their cars regularly or prioritise lower monthly payments.
Lease Purchase uses a balloon payment to reduce the regular instalments, but that final payment is compulsory. The business must pay or refinance it at the end of the term.
Apply Now
Tell us which vehicle you want, how much deposit you have and what you can afford each month. We will compare available business vehicle finance agreements and explain the full costs before you commit. Apply now or call 0161 968 3449 to get started.
Benefits include:
Businesses moving towards lower-emission models can use EV Car Finance to fund a new or used electric vehicle through Business PCP. Expected mileage and access to charging should form part of the decision.
Financing a vehicle through a business can affect VAT, capital allowances, allowable expenses and benefit-in-kind tax. Treatment varies by vehicle and usage.
VAT recovery is usually more restricted for cars available for private use, while different rules may apply to qualifying commercial vehicles. Speak to an accountant or tax adviser before committing to an agreement.
We provide vehicle sourcing and finance support through one point of contact. Our team can:
We will present the available car finance options clearly, so you understand the costs and responsibilities attached to the agreement before proceeding.
Yes. Start-ups and recently formed companies can apply. Lenders review the directors’ experience, business plan, bank statements, deposit and expected income. They may also request a personal guarantee. Approval remains subject to lender checks.
Yes. Many used company cars can be financed, although lenders may set limits on age, mileage and value.
Hire Purchase suits businesses that want to own the car and avoid mileage restrictions. Business PCP suits companies seeking lower monthly payments and several choices at the end. The right route reflects your budget, mileage and ownership plans.
A lender may ask for company details, recent accounts, business bank statements, proof of trading and information about directors or owners. Requirements vary according to the lender, amount borrowed and length of trading history.
Get your next business vehicle on the road without paying the full cost upfront. Request a free, no-obligation company car finance quote when you complete our contact us form or call Streamline Car Finance on 0161 968 3449.
