CPD Finance
Finance Options
Hire Purchase
You pay for the vehicle in instalments over a fixed period. Once the final payment is made, you own the vehicle.
Finance Lease
A Finance Lease allows you to rent the vehicle for a set period. You won’t own the vehicle, but you can extend the lease or sell/return the vehicle at the end of the agreement. If the vehicle is sold, you’ll receive a large percentage of the profit. No mileage or damage fees apply.
Step-by-Step Enquiry Process
Submit Your Proposal Form: Complete the Proposal Form or call 01642 607061 for assistance.
Application Review: Your application will be reviewed and submitted to a panel of lenders for consideration.
Credit & Business Assessment: Lenders will assess your business's financial strength & credit history to determine if a deposit is required.
Approval Process: Approval can be granted within 1 hour but may take up to 24 hours.
Finance Agreement: Once approved, you will receive the finance agreement directly from the lender. This will outline all terms, payment schedules, and any required deposit.
Final Steps: Upon signing the agreement and any necessary payments (such as a deposit), the funds will be made available for your vehicle purchase or lease.
Finance Comparison Table
|
Feature |
Hire Purchase (HP) |
Finance Lease |
|---|---|---|
|
Ownership |
You own the vehicle after final payment |
You do not own the vehicle |
|
Instalment Payments |
Yes |
Yes |
|
Profit from Vehicle Sale |
Yes |
Yes, you receive a majority percentage of profit |
|
End of Agreement Options |
Vehicle becomes yours |
Extend lease, sell, or return vehicle |
|
Mileage/Damage Charges |
May apply |
No direct damage or mileage charges |
|
VAT Payment |
Upfront or deferred for 3 months |
Paid monthly |
In both cases excess mileage of damage to the vehicle could impact resale value.
FAQs
Who do you provide finance to?
A range of finance options is provided to Limited companies
How does VAT work?
Hire Purchase (HP)
You can either:
- Pay VAT upfront as a deposit.
- Defer VAT for up to 3 months.
Finance Lease
VAT is included in your monthly payments.
How do I apply?
You can apply by completing the finance request from.
How long does approval take?
Approval typically takes between 1 hour and 24 hours.
Do I need to pay a deposit?
It depends on your business's financial health. Strong businesses may not need a deposit, but newer businesses or those with adverse credit likely will.
Can I get vehicle finance with poor credit?
Yes, we work with funders who support businesses with poor credit or those just starting out.
Can I get vehicle finance as a new business?
Yes, we work with funders who support businesses who are just starting out.
Is finance provided by CPD Finance?
We're a credit broker, not a lender. We work with One Funding t/a CPD Finance and their panel of lenders and finance products.
Make an Enquiry
If you're interested in learning more or receiving a quote, our sales team is here to help. Simply fill out the form below, and we'll get back to you with all the information you need.
Regulatory disclosure for CPD Finance
CPD Bodies Ltd (FRN: 1052128) is an appointed representative of One Funding Ltd, authorised and regulated by the Financial Conduct Authority (FRN: 1040483).