At Red Fox Finance, we understand that a one-size-fits-all approach simply doesn't work when it comes to vehicle finance. Every business has unique needs, objectives, and financial conditions, which is why we offer an array of financing options to suit all situations. Let's delve into the types of vehicle finance we can arrange for you.
Hire purchase is a simple and straightforward financing option. You make monthly payments over a fixed term - normally 3 to 5 years. Once the final payment is made, ownership of the vehicle transfers to you. This is an excellent option for businesses that wish to eventually own the vehicle outright but want to spread the cost over a period of time.
Contract hire is a form of leasing where a maintenance package is often included in the monthly rental. This means your vehicle maintenance, servicing, and sometimes even insurance are taken care of in your monthly payments. Contract hire is ideal for businesses that want hassle-free vehicle usage with all vehicle-related costs bundled into one payment.
Leasing is another popular financing option. Under a lease agreement, you pay monthly payments for a fixed period and return it at the end of the term. This option provides a way to access the latest vehicles without the burden of ownership and related depreciation. You can benefit from predictable monthly costs and the ability to upgrade to a new vehicle at the end of the lease term.
Asset refinance is a way to release cash tied up in vehicles you already own. By selling the vehicle to a finance company and leasing it back, you can access the capital invested in the vehicle while continuing to use it. This option can be useful for businesses looking to improve cash flow or fund other business investments.
In addition to the standard options, we can also arrange bespoke finance solutions tailored to your specific business needs. Whether you need flexible payment terms to match seasonal revenue fluctuations, or you're interested in a mixed finance package incorporating various finance options, we can help.
Choosing Red Fox Finance means choosing a partner who takes the time to understand your business. We leverage our deep industry knowledge, a wide network of lenders, and commitment to personal service to secure the most suitable vehicle finance for you.
No matter what type of vehicle finance you're considering, our team is here to guide you through the process, ensuring you understand every detail. We're dedicated to securing the best terms for your business and helping you make the most of your investment in commercial vehicles.
In an ever-evolving economic landscape, Red Fox Finance stands ready to help you navigate the challenges and seize the opportunities. Let us put our experience, dedication, and lender relationships to work for you, and drive your business towards its goals.
When diving into the world of commercial vehicle finance, it's vital to understand the various types available. Whether it's leases or loans, we've got you covered. Before you make a decision, ensure you're prepared by going through our comprehensive 12-step checklist for qualification. Curious about how long the approval process might take? Our timelines guide provides clarity on the timeframes. And once you're ready, discover the perfect funding option with Red Fox.
Find out the best funding options for your business, enter your number and our team will call you back.
