Established car finance broker

Choose and buy the car that is right for you with the help of our car finance options.

Car finance, leasing, personal and contract hire for commercial and private vehicles nationwide

Moorland Finance can help you drive away with the car or vehicle you really want. Whether you choose contract hire, leasing or hire purchase, we can offer you the best option for your budget and circumstances. We can even offer finance for people who may have been declined by the mainstream lenders and dealers. Take a look below at some of the vehicles you could drive away tomorrow with our help. Based in Newton Abbot, Moorland Finance operates nationally; if you’re interested just give us a call.

Contract Hire

  • Pay a deposit which is normally 3 months but can be up to 9 months
  • Interest rates are fixed so you’ll always know the amount of each payment
  • You pay monthly amounts over the chosen period, which can be usually 24, 36, or 48 months
  • The car is then handed back at the end of the contract period

Contract hire is a means whereby you can operate a vehicle of your choice for a fixed period of 2, 3 or 4 years at a fixed mileage per annum which the customer decides and at a fixed monthly cost, the contract normally includes Road Fund Licences for the period, and can include maintenance and tyres which is optional. At the end of the contract the vehicle has to be handed back to the Contract Hire Company in a condition acceptable to them. This takes away the problems associated with ownership ie. disposal of the vehicle. In many cases the hire costs are less than the depreciation on a new car and the rentals can be set against tax.

Finance Lease

  • Pay a deposit
  • Interest rates are fixed so you’ll always know the amount of each payment.
  • Leasing can help with cash flow as the leasing company reclaims the VAT at the start and then collects VAT on the monthly payments. There can also be some tax advantages over purchase, and on cars half of the VAT on the payments can be reclaimed or 100% if it is a pool car. (speak to your accountant)
  • You pay monthly amounts over the chosen period, which can be up to 5 Years.
  • Finance Lease can be a means of having vehicles both cars and commercial vehicles, all types of equipment from catering equipment to industrial equipment printing presses etc. Deposits are low and you have up to 5 years to pay.

Hire Purchase

  • Choose your new car
  • Choose to repay over one to five years
  • Set your payments to suit your budget
  • Pay a deposit on cars, 10% on equipment, commercial vehicles and business equipment. Normally this is 10% + all of the VAT which can then be reclaimed in full in the next VAT return.

Interest rates are fixed so you’ll always know the amount of each payment until the car is yours. You pay monthly amounts over the chosen period, which can be up to 5 years. After the last payment you own the car outright.

Personal Contract

  • Pay a deposit which is normally 3 to 6 months
  • Interest rates are fixed so you’ll always know the amount of each payment you will pay
  • You pay monthly amounts over the chosen period, which can be 24, 36, or 48 months
  • The car is then handed back at the end of the contract period
  • The difference between Personal Contract purchase and Contract hire is that the hirer cannot reclaim the VAT

Personal Contract is a means whereby you can operate a vehicle of your choice for a fixed period of 2, 3 or 4 years at a fixed mileage per annum which the customer decides and at a fixed monthly cost, the contract normally includes Road Fund Licenses for the period, and can include maintenance and tyres which is optional. At the end of the contract the vehicle has to be handed back to the Contract Hire Company in a condition acceptable to them.

With our car finance driving away the vehicle of your dreams is only a call away. Ring Moorland Finance in Newton Abbot on:

01626 333 373