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Finance Lease

Finance - It couldn't be easier...

Car Finance Checker

CarFinanceChecker is a new and unique service which allows you to check your eligibility for a finance offer on the vehicle you want to buy from Greenhous. The service is completely free and more importantly, does not impair your credit rating by not leaving a footprint.

By using CarFinanceChecker, you will be able find a finance product that best suits your credit profile, it will also show you ways to increase the likelihood of getting the car you want.

Check out the video below which explains how this free service works.

Hire Purchase

If you choose to buy a vehicle under Hire Purchase (HP) you enter a contract where you would pay for the vehicle in parts. This is calculated by the value of the vehicle along with the interest added and divided into pre-determined amounts. It is different to a traditional loan, this is because you do not own the vehicle until the the loan has been paid off. The debt is secured against the vehicle, this means you are not allowed to sell it until the debt has been cleared.

This means you are borrowing money for the vehicle and the loan is secured against it. When you have paid all the finance owed, the car is yours.

Is it suitable for you? HP car finance would be a suitable option for you when you know you’ll be keeping the vehicle for a while.


  • Low deposit - keeps valuable personal or business cash available
  • Control - you decide the deposit, you decide the term
  • Fixed monthly payment - makes budgeting simple
  • Flexibility - doesn't compromise your other lines of credit
  • Assets - you gain ownership of the car
  • Tax benefits - Tax allowances for business users
  • VAT free - no VAT on payments

Personal Contract Purchase

Personal Contract Purchase (PCP) is an increasingly popular choice for car finance. It offers the best in flexibility at the end of the agreement, together with low, fixed monthly payments.

PCP is perfect if you are opting out of your company car scheme. Your company car allowance can fund your monthly payments, but there is no company car tax to pay.

At the beginning of the agreement your car's guaranteed future value is calculated, based on an agreed mileage and age. This is deferred as a final 'balloon' payment.

With PCP you don't have to commit to buying the car at the outset. You use it for an agreed period of time (24-48 months) and then decide at the end of this period what you would like to do. Choosing to pay for your vehicle this way often means you can drive a higher specification vehicle for a lower monthly payment.

  • You have four options:
  • Buy the car by paying an agreed minimum residual value
  • Part-exchange the vehicle for another
  • Sell the vehicle privately (settling the balloon)
  • Or, subject to mileage and condition, return the car with nothing more to pay (e.g. if depreciation resulted in negative equity)


  • Low risk - A minimum future value is guaranteed
  • Low deposit - keeps valuable personal or business cash available
  • Low fixed monthly payments - perfect for budgeting
  • Choice - Buy the car, part-exchange it or just return it
  • A better car - lower payments can help you choose a higher specification car
  • Tax advantage - the cash alternative when you opt out of a company car scheme is not subject to company car tax
  • VAT free - no VAT on your payments

Finance Lease

Finance Lease is a hire product which gives businesses the flexible option of retaining the vehicle (for a small annual fee) at the end of the agreement. However, the customer may also sell the vehicle to a third party once all the rental payments have been made. The customer retains 100% of the sales proceeds (paid as a rebate of rentals).


  1. You pay an advance rental followed by a fixed number of monthly rentals over an agreed contract period.
  2. To help bring down your monthly rentals, and improve cash flow, you can choose to take an optional balloon payment. The payment of the balloon is made at the end of the primary contract period. We will need an expected annual mileage to help us with this calculation. VAT is paid on the monthly rentals whereas with a purchase finance option the customer would be required to pay the whole VAT up front.
  3. At the end of the term there are two options. Even though you do not own the car, you can sell it on our behalf. You keep 100% of the sale proceeds, which you can then use as the advance rental for your next new vehicle. You may be able to offset this advance rental against your taxable profits*. Alternatively, once all the rentals and any balloon payment are paid, you can continue your contract with us by entering a secondary period of rental. You will pay a “peppercorn rental” of just £50 a year plus VAT. So, if your vehicle is still working hard for you, maybe with bespoke decals or fittings, you have the option to keep using it or replace it – the choice is yours!


Fixed monthly rentals for ease of budgeting

Lump sum or number of rentals as an advance rental

Option to extend agreement into a ‘secondary’ contract period for a nominal annual fee of £50 plus VAT (peppercorn rental)

Option to include a deferred final ‘balloon’ payment to keep monthly costs low

Tax relief benefits the same as Contract Hire*

50% VAT usually reclaimable of cars*

100% VAT usually reclaimable on LCV’s*

Reduced VAT paid by business, as monthly vehicle rentals can be offset against taxable profits*

* We always recommend you take independent financial advice to determine how your own business can benefit from the advantages offered by financing your company vehicles.

If you would like us to contact you about finance please complete the form below or contact us on 01743 454020 .

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