Luxury Vehicle Finance

Limousine and Luxury Hire Car Finance is an incredibly niche market and can sometimes be hard to find lenders who understand the industry. It generally uses specialised lenders who get the revenue models and expenses in these businesses.

Finance for luxury vehicles

Are you looking to Hire Purchase, Lease or Purchase a Limousine or Luxury Hire Car?

Limousine and Luxury Hire Car Finance is an incredibly niche market and can sometimes be hard to find lenders who understand the industry.  It generally uses specialised lenders who get the revenue models and expenses in these businesses.

We work with lenders around the country who ‘get’ the funeral and Luxury limousine markets. Fill in the form below and let’s see if we can help you grow your fleet or buy your first car.  

Hire Purchasing a Limousine or Luxury Vehicle – Advantages and Disadvantages

Hire Purchasing is very common for buying Funeral Vehicles and luxury cars like Limousines. Most lenders will be only looking for a deposit of 10% and will usually finance a car for up to seven years, depending on the asset. One of the advantages in the funeral industry, in particular, is the Low Mileage that the cars do. This means, sometimes Hire Purchasing a second-hand Limousine can be incredibly beneficial to your company and well looked at by a lender.

As payments are spread evenly over a period of time, hire purchasing can make budgeting easier for companies, allowing them to know exactly how much money their companies are spending on their most valuable assets every month.  With Hire Purchasing you are doing as the name suggests. You ‘hire’ the car with the commitment to owning the asset at the end of the period. Usually, you will need to pay a small transfer fee to transfer the ownership of the vehicle to your company at the end.

Advantages to Hire Purchasing Funeral Limousines and Luxury Vehicles

Disadvantages to Hire Purchasing Funeral Limousines and Luxury Vehicles

Advantages and Disadvantages of using Lease Finance to buy Funeral Limousines and Luxury Vehicles

Leasing is not as commonly used in the Funeral Limousine and Luxury Car market but is possible. If you want to buy a new vehicle to start or grow your companies’ fleet – leasing provides a flexible form of finance that can grow and shrink easily with your business. With leasing, the lender will buy and retain ownership of the vehicle. You will pay an agreed amount every month to use the vehicle. At the end of the period, you will be given the choice to give the vehicle back, buy it or upgrade it to a new model.

With the speed of technology advancements in electric vehicles and the increase in taxes and fees for polluting vehicles – this form of finance can really give you the peace of mind you need in forever changing landscape. After your short- or long-term agreement, you can simply upgrade your vehicle to another model, a bigger car or even give the car back and move to another company. 

Advantages of using Lease Finance to buy Funeral Limousines and Luxury Vehicles:

 

Negatives of Leasing Taxis and Ubers:

Every company is different, with different circumstances and needs. The best way forward is to get in touch today and let us help you find out what is best for your business. Fill out an enquiry form and one of our specialist brokers and partners will get in touch to help match you with your perfect investor.

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