Business Car Finance

Looking to purchase a new business vehicle? Find the best cash-flow friendly options for your business, including BCH and BHP.

Business Finance

We appreciate that each business is unique and will have different needs when it comes to financing businesses vehicle purchases.

We have skilled and dedicated Business Sales Specialists who are able to help you understand how best to finance your vehicle for business purposes, whether you are a company car driver or fleet manager.

With retailers in some of the country's top locations, including World Heritage sites and the Lake District National Park, we operate across Cumbria, Lancashire, Newcastle upon Tyne, North Yorkshire, and Scotland.

From taxation implications to cost of ownership calculations, our dedicated Business Sales Specialists are here to help identify the right car and finance solution for you.

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Why finance business cars?

Learn how car finance can benefit your business:


It can help you save money on tax, maintenance, and fuel costs. Depending on the type of finance you choose and the type of car you buy, you might be able to claim tax deductions, benefit from lower maintenance costs, or enjoy better fuel economy.


Cash Flow

It can help you avoid tying up cash reserves or impacting cash flow. By spreading the cost of the cars over time with monthly payments, you can preserve your working capital and cash flow for other business purposes.



It can help you choose from a wide range of new models and features. With car finance, you can access a variety of brand-new cars that suit your business needs and preferences. You can also customise the cars your business needs with optional extras such as sat-nav, leather seats, or multimedia systems

How Does Business Car Finance Work?

Business car finance works by letting you borrow money from a lender to buy cars for your company. You then pay back the loan over an agreed term with interest and fees.

The amount you can borrow, the interest rate, and the repayment term depend on various factors such as:

  • The type of finance you choose
  • The value and condition of the cars
  • The credit rating and financial history of your business
  • The deposit and balloon payment (if any) you make

You can choose from different types of business car finance depending on whether you want to own the cars at the end of the term or lease them for a period of time.

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What is the best business finance option for you?

You will need to assess the affordability of the finance type, plus any terms and conditions for your business that come with this type of loan or contract. To help you decide on the best vehicle financing options for your business,  you will need to think about:

  • How much you can afford to borrow.

  • How long you want the car for.

  • How you intend to use it.

To make driving a new or used car from Lloyd Motor Group as affordable and simple as possible, we offer a range of business finance options that can be tailored to meet each of our corporate and business customer’s requirements and circumstances.

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We have a variety of business car finance options available. Read below to learn more:

Business Contract Hire

Business Contract Hire

Business Contract Hire is useful if you receive a company car allowance. This is a commonly-used solution for company car drivers and business owners. It is the same as Personal Contract Hire, but payments are calculated as being “+ VAT”, and you may able to claim back some of the rentals and VAT depending on the CO2 emissions of the vehicle. Our centres have dedicated Corporate Specialists to help you identify whether this is a cost-effective solution for your business.

Benefits of Business Contract Hire

  • Fixed leasing fees to improve your cash flow with fixed low monthly payments
  • Leasing allows you to benefit from an additional source of funding, leaving you to concentrate on running your business
  • Be safe in the knowledge your vehicle is being maintained by dealers using genuine parts
  • No more maintenance bills or suspicious garage costs if you choose our maintenance-inclusive contracts
  • The flexibility of initial lease options.
  • No worries about disposing your car at the end of the contract.
  • You can also choose the convenience of various service, maintenance and repair packages.
  • Eliminates the hassle of vehicle disposal. When your agreement comes to an end, you can hand back the keys of your vehicle with nothing more to pay, or take out a new agreement for the vehicle of your choice.
Business Hire Purchase

Business Hire Purchase

Hire purchase are finance agreements for business vehicles, for non-VAT registered businesses that want to own their vehicles.

Benefits of Business Hire Purchase

  • It makes budgeting easier as it allows you to spread the cost of payments over an agreed period of time.
  • You can enjoy the flexibility of no mileage limitations.

  • It allows flexibility of payments. You can choose lower monthly payments by paying a larger value or balloon payment at the end of your agreement.

  • At the end of the agreement you will have ownership of the vehicle.

Get in Touch

With our Local Business Development Team

Simply fill in your details below and we’ll get back to you as quickly as possible. Alternatively, you can call your local branch by telephone.

We will only contact you about the vehicle, product or service you have requested details on. At Lloyd Motors Limited, we also have exciting offers and news about our products and services that we hope you’d like to hear about. We will treat your data with respect and you can find details of our privacy policy.

Customer Reviews

Excellent customer service and friendly staff
Smaira Sulaiman
Newcastle BMW - April, 2023
Great staff, great service
Dave Turner
Blackpool BMW - March, 2023
Great service. Polite and professional.
Nigel Marshall
Blackpool BMW - March, 2023
Could not fault Lloyd Volvo at all and a special thanks to Mason Rowan the sales man whom we dealt with
P. Motler
Carlisle Volvo - September, 2023
Great and smooth services, highly recommended. Thanks to everyone, a special thanks to Dan Newton.
Rafal Sobczynski
Carlisle Land Rover - August, 2023