How should I finance my car or van

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Own Your Assets And Spread The Cost

 

 In the current climate, purchasing assets with your cash may not be the best method of acquisition.

 

Northern Finance can help preserve your cash flow and reduce the risks associated with purchasing assets outright. This allows you to focus on your customers and use your cash in areas that add value to your business.

 

Read our guides under the Funding Choices tab on the left for detailed descriptions. In summary, the positives and negatives of the offered options are shown on the right.

 

 

 

Hire Purchase

 

Low deposit (typically 10%)

 

Flexible terms (up to 60 months)

 

Competitive fixed and variable rates

 

Don't own until final payment

 

 

Contract Purchase

 

 

Lower monthly payments

 

Flexible options at agreement end

 

 

Mileage affects costs

 

Have to pay GFV if you keep the car 

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