Vehicle Finance

LATEST NEWS

Tim Baker Joins Snowbird Finance from Shawbrook Bank
30.11.20

Snowbird Finance is delighted to announce that Tim Baker has joined the team as National Sales Manager to grow and increase Snowbird Finance's patient finance offering under the brand of...

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TESTIMONIAL

We would highly recommend Snowbird finance to anyone who is thinking of providing finance to their patients. The portal is easy to use and a very quick solution to set up patients so they can do it themselves at home saving the practice time. Patients comment how easy and quick it is to apply and love how quick they get a response. The support we get from all members of Snowbird is exceptional. We couldn’t be happier with every aspect of their service.

Natalie Rogers, Practice Manager

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Snowbird Vehicle Finance
Whether you are planning to buy a vehicle for your business or a car for personal use, we can source a finance solution that's right for you - often at a lower cost than available from the car dealership. We can also finance other vehicles such as vans and motorhomes, and even if you've recently set up a finance agreement elsewhere it may still be possible to save you some money.


Call 01932 874674 to find out how we can help.


Agreements available to Professional Individuals and Business Purchases incl. Ltd Companies, Partnerships and Sole Traders,
• Regulated and Unregulated Hire Purchase and Lease Purchase Agreements
• Balloon Re-Finance
• Terms from 12 – 60 Months
• Zero Deposit Option
• Advances from £2,500 - £400,000
• Cars - New up to 15 years old
• Motorhomes - New up to 20 years old

Hire Purchase
HP is the most straight forward method of financing a vehicle purchase. It allows you to spread the cost over an agreed term with fixed monthly payments whereby you take full ownership of the car at the end.

• Tax efficient Write Down allowances available for businesses (subject to Co2 emissions)
• No Wear and Tear Conditions
• No Excess Mileage Conditions

Lease Purchase / Hire Purchase with a Balloon
LP or HP with a Balloon is very similar to standard HP but the addition of a Balloon payment (lump sum) at the end of the agreement means lower monthly payments over the term.

• Tax efficient Write Down allowances available for businesses (subject to Co2 emissions)
• No Wear and Tear Conditions
• No Excess Mileage Conditions

PCP / Contract Purchase
Contract Purchase and Personal Contract Purchase are a bit of a cross between vehicle ownership and vehicle leasing. Low monthly payments with perceived flexibility at the end of the agreement by way of an optional Balloon payment which can also be considered a Guaranteed Minimum Future Value (subject to terms and conditions).

• Risk of Wear and Tear - Conditions Apply
• Risk of Excess Mileage - Conditions Apply (Annual Mileage must be estimated at the beginning of the agreement

Considering Electric / Zero Emission?

• 100% First Year Write Down Allowance available for businesses
• Zero Road Tax (unaffected by £335 increase where list price is over £40k)
• 1% Benefit in Kind for 2021/22 and only 2% from 2022/25
• Congestion Charge Exempt

Zero emission cars purchased by a business are eligible for 100% first year write-down allowances.

This means that the full cost of the car can be deducted from pre-tax profits in the first year of purchase.
For example, a new electric car bought for £50,000 (Hire Purchase or Lease Purchase) would offer tax relief of £9,500 to a Ltd. Company.

Finance for your Business - What we need to know:
• Company Details – including name, address, company reg. number, trading style and annual turnover
• Director Details – including name, address, date of birth and marital status
• Business Bank Details – including bank name, account number and sort code
Additional information that may be required:
• 3 months' business bank statements
• Latest management accounts filed
• Directors Guarantee
• Proof of ID

Finance for Professionals – What we need to know:
• Personal Details - including name, address, date of birth and marital status
• Employment Details – including status, employer name and address, occupation, contract type, annual income
• Personal Bank Details – including bank name, account number and sort code
Additional information that may be required:
• 3 months' personal bank statements
• Proof of ID

How long does a credit check take?
It is possible for a credit application to be approved immediately (auto accept) but in general we expect to receive a response from a funder within 1-2 working days. During busy periods however it can sometimes take longer.

Call us on 01932 874674 to discuss how we can help you get the vehicle you desire.