Rates from as low as 8.9%
Business PCP car finance allows limited companies, partnerships and sole traders to finance new or used vehicles through a deposit, fixed monthly repayments and an optional final payment. By deferring part of the vehicle’s value until the end, the agreement reduces the amount covered by the regular payments and gives the business three clear choices: keep, return or replace the vehicle.
Streamline Car Finance is an FCA-authorised credit broker with access to a panel of lenders. We explain the total amount payable, annual mileage, return conditions and optional final payment before managing the application through to collection or delivery.
The agreement is based on the vehicle’s price, deposit, term, expected mileage and projected end value. That value sets the optional final payment and helps calculate the regular repayments.
The agreement starts with a deposit. This is optional, depending on strength of the business no deposit can be an option. A larger amount reduces the balance financed and lowers the monthly repayments. The lender sets the requirement using the vehicle and the applicant’s financial position.
The business makes agreed monthly repayments, commonly over two to four years. They cover the financed amount minus the vehicle’s projected end value, plus interest and applicable fees.
The optional final payment is based on the vehicle’s Guaranteed Minimum Future Value and agreed before the contract begins. Paying it transfers ownership to the business.
At the end of the agreement, the business can:
Excess mileage charges or repair costs can apply when a vehicle is returned outside the agreed terms. Setting a realistic mileage allowance at the start helps the business budget accurately.
The right structure is determined by ownership plans, annual mileage and monthly budget. This agreement defers part of the vehicle’s value to an optional final payment.
Business Hire Purchase spreads most of the financed amount across the deposit and monthly repayments. Ownership transfers after every required payment and the option-to-purchase fee have been paid.
The Business PCP structure suits businesses that change vehicles regularly and value lower monthly repayments. Hire Purchase suits companies intending to keep the car or expecting unpredictable mileage.
PCP for business gives companies control over how they fund and replace their vehicles. Benefits include:
Businesses should compare the deposit, total amount payable, optional final payment, mileage allowance and return conditions before selecting an agreement. Our wider Business Car Finance service also covers Hire Purchase and Lease Purchase for companies that prefer a direct route to ownership.
The agreement funds everyday company cars, executive models, electric cars and selected light commercial vehicles. Vehicle age, mileage and value affect the terms available.
Companies seeking an executive model can use Audi Business Finance for new or used cars across the Audi range. Businesses moving towards lower-emission vehicles can use EV Car Finance to fund electric models for directors, employees or wider operational use.
The vehicle should match its intended purpose, expected mileage and budget. Our sourcing support provides one contact for finding the car and arranging finance.
Our team of experts is ready to help you navigate PCP financing and find the best option for your company’s needs. Fill out the no-obligation form below to get your free quote or call us on 0161 968 3449.
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Financing a vehicle through a business affects how it is recorded for tax and accounting purposes. The treatment of VAT, allowable expenses, benefit-in-kind tax and capital allowances is determined by the vehicle, agreement and balance between business and private use.
VAT recovery is more restricted for cars available for private use, while separate rules apply to qualifying commercial vehicles. Speak to an accountant or tax adviser before signing an agreement.
Streamline Car Finance provides vehicle sourcing and finance support through one point of contact. Our team will:
We are an FCA-authorised credit broker, not a lender. Every available agreement is explained clearly before you proceed.
Yes. Start-ups and recently formed companies can apply. Approval remains subject to lender criteria. Lenders review the directors’ experience, bank statements, deposit, expected income and credit position. They can also request a personal guarantee.
Yes. The business takes ownership by paying the optional final payment and any other amount required under the agreement. Refinancing requires a new application and lender approval.
The lender charges for excess mileage when the vehicle is returned above the agreed allowance. The pence-per-mile rate is stated in the contract. Excess mileage does not normally prevent the business from paying the optional final amount and keeping the vehicle.
The business can request an early settlement figure from the lender. The figure reflects the outstanding balance and contract terms. Review the settlement quotation before deciding to pay the agreement off early.
Put your next company vehicle on the road with clear monthly repayments and three end-of-term choices. Request a free, no-obligation Business PCP car finance quote when you apply now or call Streamline Car Finance on 0161 968 3449.
