Car and Van Finance
Big savings compared to dealer finance - potentially £1,000's to be saved on new and used vehicles
Market leading rates
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Car Finance
Now more than ever, it makes sense to consider funding your vehicle purchase independently instead of relying on dealer-led finance
New legislation requires dealers to offer a single, standardised rate for all customers. This is often more expensive than sourcing funds independently
At One Threadneedle our approach is straightforward - we work with finer margins to give you a better deal, building trust for future business
Using our finance calculator is quick and easy—all you need is the car's registration number and mileage
Prestige Cars
When you're thinking about buying a high-end car, it's easy to assume the cost will be high too. But the monthly payments might be more affordable than you think! With strong residual values and low interest rates, a prestige car could fit your budget more comfortably than you'd expect
Van Finance
Now more than ever, it makes sense to consider funding your vehicle purchase independently instead of relying on dealer-led finance
New legislation requires dealers to offer a single, standardised rate for all customers. This is often more expensive than sourcing funds independently
For many small businesses, a reliable van is the backbone of their operations. At One Threadneedle, we understand this and offer a straightforward approach: we work with finer margins to give you a better deal, building trust for future business
Using our finance calculator is quick and easy—all you need is the car's registration number and mileage
EV Finance
Financing an electric car through Personal Contract Purchase (PCP) or Hire Purchase (HP) can be a smart move for business owners and company car users. With Benefit-in-Kind (BiK) tax rates for electric vehicles (EVs) at just 2%, employees can enjoy significant tax savings compared to petrol or diesel cars. Additionally, businesses can benefit from 100% first-year capital allowances on new EVs, making them a tax-efficient investment while also supporting sustainability goals
Finance options
Personal Contract Purchase
PCP is a flexible vehicle financing plan with low monthly payments, as part of the cost is deferred to the end of the contract. At the end of the agreement, you have three options:
- Return the car (avoiding depreciation risk)
- Upgrade to another vehicle
- Make a final payment to own the car outright
This option offers flexibility while keeping initial costs manageable
Hire Purchase
Want to own the car outright?
- You’ll own the car at the end of the agreed term
- Spread the cost over time with flexible payments
- Choose your deposit, monthly payments, and final lump sum
Contract Hire
An off balance sheet rental facility specifically for cars and light commercial vehicles. The finance company will supply the vehicle to your specifications. They will take a residual position in the vehicle thereby reducing your monthly rental. Maintenance and servicing can be added. You hand the vehicle back at the end of the agreement with nothing more to pay (subject to excess mileage charges and fair wear and tear return conditions being met)
Refinance
Raising funds against eligible assets you already own. The funder will usually wish to value the asset and then agree an amount to release to you, typically via a Hire Purchase agreement.
Other funding possibilities
At One Threadneedle, we provide a comprehensive range of asset finance solutions, delivering personalised, local service that’s tailored to your business requirements. With a deep understanding of the industries we serve, we are committed to offering the most suitable financing options for your vehicles, equipment, and specialist assets
Frequently asked
1. Who qualifies for vehicle finance?
You generally need to be 18 or older, have a stable income, and a decent credit score. Some lenders may also require a down payment.
2. How soon can I get approved for vehicle finance?
Approval can take as little as a few minutes to a few hours, depending on whether its auto-accepted or manually underwritten and if any additional information is required
3. Can I purchase a car/van from any dealer?
At One Threadneedle Ltd, we primarily tailor our services towards purchases from main dealers, but will consider vehicles from second-hand dealerships too
4. How does vehicle financing work?
Car financing works by a lender purchasing the vehicle on your behalf, they then retain ownership of the vehicle until you have paid off the finance in full. but depending on finance product, you may end up returning the vehicle to them
5. What are the different types of Vehicle finance?
Hire Purchase (HP): Monthly payments until you own the car.
PCP: Option to return or buy the car later.
Leasing: Rent the car with no option to buy.
6. How can I select the best finance option for me?
Consider your budget, whether you want to own the car, and compare interest rates. A Hire Purchase may be best for ownership, while leasing may suit short-term needs where as a PCP will give you lower monthly payments with a few options at the end of the agreement
7. What is APR?
APR, or Annual Percentage Rate, reflects the total yearly cost of borrowing money, including interest, administrative fees, and any arrangement charges.
8. Does applying for finance affect my credit score?
Yes, a hard credit check can cause a small, temporary dip in your score, whether you are accepted or not. On-time payments can help improve your credit score over time
"Took the time to understand our business, and what we may need in the future"
- Simon Brooks, Corporate Vehicle Solutions Limited