This page is for dealers. If you're not a dealer, please visit our

customer website

Hire Purchase (unregulated)

With a HP agreement, business customers can spread the cost of their car, van or motorcycle by paying fixed monthly repayments over 12 to 60 months.

Good for business customers, if:

  • they like equal payments with no lump sum payment at the end of the agreement.
  • they want flexibility and spread the cost over 12 to 60 months.
  • they want the option to pay off the full agreement early.
  • they want to own the vehicle at the end once all monthly instalments and the option to purchase fee has been paid.
  • they’re a limited company and want to claim monthly interest (tax deductible interest), offset wear and tear costs against taxable income and deduct capital allowances from taxable income.

HP Balloon

HP Balloon is a type of HP agreement for businesses, which lets customers spread the cost of their vehicle over 36 to 48 months. The final balloon payment makes the monthly repayments lower compared to a regular HP agreement. At the end of their agreement, customers can choose to retain or replace the vehicle.

Good for business customers, if:

  • they want to free up cashflow for their business and want lower monthly repayments in comparison to a HP.
  • they want to spread the repayments over 36 to 48 months.
  • they’re happy to pay a larger balloon payment at the end of their agreement if they keep the vehicle.
  • they’re a limited company and want to claim monthly interest (tax deductible interest), offset wear and tear costs against taxable income and deduct capital allowances from taxable income.

Fleet Funding

Subject to a full application, Fleet Funding helps businesses free up cashflow by making an amount available to replace or grow the number of cars, vans or bikes on the road. Once approved, our team will help source the best vehicles to suit their business needs through our dealer network.

Good for business customers, if:

  • they’re looking to increase the number of vehicles on the road.
  • they want to spread the cost of these additional or replacement vehicles.
  • they're seeking to transition to an Electric Vehicle (EV), where the benefits of lower running costs, improved efficiency and reduced environmental impact align with their operational and sustainability objectives.
  • they want support from our dedicated business specialists.

Finance is subject to affordability checks and is only available to UK residents aged 18 and over. If customers don't keep up with repayments, the vehicle may be repossessed.

More from MotoNovo