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Vehicle Finance for UK Businesses

Finance cars, vans or fleets with no hefty upfront costs. Flexible terms, UK-wide service. Quick approval and nationwide support. Get your business vehicles fast – call now.

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Vehicle Finance for UK Businesses
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Vehicle Finance for UK Businesses

UK businesses in industries like logistics, construction, and retail often rely on vehicles to maintain operations, deliver goods, or provide services. Vehicle finance offers a flexible way to acquire these essential assets without the burden of large upfront costs. For example, a UK logistics company used vehicle finance to acquire a £40,000 delivery van, expanding their fleet and increasing delivery capacity by 30%. In this guide, we’ll explore the benefits of vehicle finance for UK businesses, the steps to get started, and how NexGen Business Finance can help you access the vehicles you need to grow.

Benefits of Vehicle Finance for UK Businesses

Vehicle finance provides a practical solution for acquiring essential business vehicles, offering both financial and operational advantages. Here are the key benefits:

  • Preserve Cash Flow: Spread the cost of a vehicle over time with manageable monthly payments, keeping your cash flow intact for other business needs like inventory or marketing.
  • Access to Modern Vehicles: Stay competitive by acquiring the latest vehicle models with advanced features, such as fuel-efficient vans or electric vehicles, without a large upfront investment.
  • Tax Advantages: Benefit from tax reliefs, such as the Annual Investment Allowance (AIA), which allows you to deduct the cost of the vehicle from your taxable profits.
  • Flexible Repayment Terms: Choose repayment terms that suit your business’s financial situation, with options ranging from 1 to 5 years, depending on the vehicle and lender.

Steps to Use Vehicle Finance

Securing vehicle finance with NexGen Business Finance is straightforward and efficient. Follow these steps to get started:

  1. Identify Your Vehicle Needs: Determine the type of vehicle your business needs, such as a delivery van for a logistics company or a company car for a sales team.
  2. Choose a Provider: Select a reputable vehicle supplier and finance provider. NexGen can connect you with trusted partners to ensure quality and competitive financing terms.
  3. Apply for Finance: Work with NexGen to apply for vehicle finance, providing details like the vehicle cost, your business financials, and preferred repayment terms to secure the best deal.
  4. Acquire Your Vehicle: Once funding is approved, purchase and take delivery of your vehicle. Most vehicles can be delivered and ready for use within days, depending on the supplier.
  5. Manage Repayments: Make regular payments as per your finance agreement, ensuring your business can continue to grow while benefiting from the new vehicle.

Frequently Asked Questions

Ready to Expand Your Fleet?

Vehicle finance with NexGen Business Finance makes it easy for UK businesses to acquire the vehicles they need to improve efficiency, expand operations, and grow. Contact us today to explore your financing options and take your business to the next level.

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Disclaimer:

Nexgen Business Finance Limited is an independent finance brokerage not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Nexgen Business Finance Limited will receive payment(s) in the form of commission from the finance provider if you decide to enter into an agreement with them. We work with both discretionary and non-discretionary commission models. Commission payments are factored into the interest rate you pay. Nexgen Business Finance Limited is an Appointed Representative of AFS Compliance Limited which is Authorised and Regulated by the Financial Conduct Authority FRN: 625035 Nexgen Business Finance Limited aims to provide our customers with the highest standards of service. If our service fails to meet your requirements and you would like to report a complaint; please click on the link below

Nexgen Business Finance Limited Company Number: 13948675 and Registered Address: 11, Brookfield, Duncan Cl, Northampton NN3 6WL. ICO Reg: ZB308746

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