Finance for company car?

[TUS 373]

Just a quick one.

Small business - that's looking to purchase a staff car. Can anyone recommend a reputable company with competitive rate for financing over say a 24 month period. See that Lombard do 6.9% - are there better deals that are not run by sharks?

TIA.

[chris.mapey]

Not a silly one - have you spoken to your bank.

Explain that you can get the car financed for less than 6%APR. They will usually match the deal, as they want to retain your business.

My 2p.

HTH

Chris

[TUS 373]

We bank with NatWest (hopeless) who referred us to Lombard (similarly hopeless in our experience) who quoted the 6.9% rate (not APR).

Just casting the net for an organisation who starts with better rates, rather than someone who will do the obligatory price match when asked, but generally does not offer a preferential rate at the outset.

[Phil Hopkins]

www.mannisland.co.uk/

Crap website but a fantastic company to deal with. Our rep is Dave Beswick (UK Sales Manager or something), he'll sort you out.

[chris.mapey]

OK, fair enough re the bank - I had to haggle to get my NatWest loan rate down.

Don't forget that when you buy the car, you should haggle on the car & the finance. Most dealers have the facility to lend at about 3.5 - 4% flat easily, and can go lower than that.

Ask and you may be surprised when you have a chat to the business manager at the dealership.

Chris

[TUS 373]

Thanks chaps.

Good idea talking to the dealers. I was already suprised that they offer rates as low as 4.5% flat. Pretty good really. Must see if we can do even better than that.