Commercial Vehicle and Asset Finance
Vehicle and Asset Finance
Welcome to Barclays Vehicle and Asset Finance. We provide tens of thousands of businesses just like yours with the ability to do more - and make more. So, what do you need?
Transport
From cars and trucks to tractors and trailers, we can help you to finance your Vehicles in the most tax and cash-efficient way.
Vehicle Products
Choosing the right financial vehicle.
If you can licence it for the road, you can finance it with Barclays.
That’s why, every year, we finance vehicles of every description, from single cars and vans to fork-lift trucks, earth movers and combine harvesters.
As importantly, we’ll also give you a fast decision.
You have a number of options open to you, including:
- Hire Purchase. This solution is ideal if you’d like to own the vehicle at the end of the agreement – but don’t want to tie up your capital by buying it now.
- Finance Lease. If you want to realise some of the value of a vehicle at the end of the finance term, Finance Leasing may suit you perfectly.
Cashflow is the lifeblood of your business, so when it comes to capital purchases such as cars, hire purchase (also known as ‘lease purchase’) could be the solution for you.
We can often arrange hire purchase within 24 hours**, since additional security is not something we usually need.
Why Hire Purchase?
- You can take delivery of the cars you need immediately
- You can spread the cost over 24–84 months
- We can finance up to 100% of the purchase price**, with the option to defer the VAT
- Budgeting is easy; we can tailor repayments to suit your cash flow
- You can pitch repayments at a level that suits your cashflow and the depreciation of the cars
- You can choose to own the cars at the end of the term with a nominal final payment.
From a single vehicle to a fleet for a sales force, hire purchase can be right for any size of business that doesn’t want to deplete its cash reserves.
It’s also tax-efficient: the interest is tax-deductible and you can claim capital allowances on the cars immediately.
Finance Lease
If you care for your cars, shouldn’t you be able to profit from their value at the end of a lease? A finance lease enables your business to realise some of the value of your assets, as well as remove the strain on your cashflow throughout the agreement.
Why a finance lease?
- It’s a flexible and tax-efficient way to fund your vehicles
- We’ll fund 100% of the purchase price less advanced rentals
- We can match your rental payments to your cashflow
- It’s cost effective: VAT is payable on the rentals, not the purchase of the asset
- 50% of the VAT you pay is reclaimable
- Additional security is not normally needed
- Enjoy the flexibility at the end of the term to continue to lease, or sell and receive a rebate of rentals in line with the sales proceeds.
All sizes of businesses wanting all kinds of vehicles – with the option at the end of the term to retain those assets for a nominal annual sum, or sell them and retain most of the proceeds.
Equipment
From tools and telecoms to machinery, IT and furniture, if you're a business spending £7,500 or more, no one's better equipped to give you the Asset Finance you need.
