Car finance on private purchase

[The Boss]

Gents, Ladies.

when purchasing from a private individual, opposed to from a dealer, what are the best ways to arrange car finance on a private transaction.

I recall various companies offering cp pcp plans for private sales and purchases, but i can not recall whom offered this before.

We want to ideally put the car through the business, hence the finance route being prefered. There are benefits on the various plans, for VAT etc.. so we need to look at these options.

And we will be looking to put down 60%-70% deposit on the car..

please advise on your thoughts.

cheers peeps

 

[Benzowner]

Talk to your business bank, I am sure they would help.

 

[NISFAN]

I think you would also need to talk to the HMRC, as surely on a private purchase VAT has already been paid. Also leased is the most advantageous to companies, and I doubt you could get reasonable rates from a 3rd party finance house to cover a used private vehicle.

 

[jonnyboy]

almost no financiers doing HP/lease on private 2nd hand buys, we just found that.

Ended up doing HP with Lombard who were spot-on. If you want my account manager's details pm me, he'll look after you.