Finance examples on Trucksalot
Adverts show an illustrative monthly figure so you can compare trucks at a glance. It is based on a 10% deposit, VAT paid upfront and 60 monthly payments at an 8% illustrative rate. It is not a quote. The rate, deposit and term available to your business depend on your circumstances and the lender.
Common ways to fund a truck
Businesses commonly use hire purchase, finance leases or contract hire to fund commercial vehicles, as well as buying outright. Each treats ownership, VAT, deposits and the end of the agreement differently. A broker can explain the options available to you, and your accountant can advise on the tax treatment for your business.
For a checklist of what to consider before you buy, read what to check before buying a new truck.