Vehicle finance for automotive and garages

Vehicles are working tools in the motor trade, not just transport. A garage needs courtesy cars to keep customers mobile while their car is in, a recovery operator needs a reliable truck, and a workshop needs vans to collect parts and reach jobs. Paying cash for these ties up money you would rather spend on diagnostic equipment, parts stock or wages. Vehicle finance spreads the cost into fixed monthly payments over an agreed term, so the vehicle starts earning before it is paid off.

Hire purchase and lease options both have their place. Hire purchase spreads the full cost and gives you ownership at the end, which suits recovery trucks and vans you will run for years. Leasing keeps monthly payments lower and works well for courtesy cars you may want to refresh regularly to keep customers happy. Finance is available on new and used vehicles, with balloon payment options where you want to reduce the monthly cost, and terms structured around how the vehicle is used in the business.

For used car dealers the picture extends to stock itself. Funding a forecourt of vehicles for resale is a different need to funding your own workshop van, and stock finance or working capital can sit alongside vehicle finance to cover it. Whether you are a single site garage, an MOT centre, a recovery firm or a dealer, we match the finance to the role each vehicle plays and keep your cash available for the parts, tools and stock that generate your margin.