What is Personal Car Finance?
Personal Car Finance provides funeral professionals with tailored funding solutions to purchase or upgrade their vehicles without the burden of large upfront costs. Whether acquiring a hearse for professional use or a personal vehicle for daily travel, financing allows for structured repayments, preserving cash flow while ensuring access to reliable transport.
Many individuals in the funeral industry require a dependable vehicle for their work, whether for attending services, meeting with families, or transporting essential equipment. Instead of making a significant one-time payment, personal car finance spreads the cost over manageable monthly installments, making vehicle ownership more affordable.
With flexible terms available from high-street banks, specialist lenders, and independent brokers, funeral professionals can secure financing options that align with their income and financial situation. Whether purchasing a new or used vehicle, refinancing an existing loan, or leasing for convenience, personal car finance offers tailored solutions to fit individual needs.
Personal Car Finance
You may call us at 01443 800621 for more details or fill out the form below and we’ll get in touch to discuss your options.
Benefits of Personal Car Finance
This offers many benefits to UK businesses, including:
- Affordable Ownership
Personal car finance allows funeral professionals to acquire a reliable vehicle without a large upfront payment. Spreading costs over time makes car ownership more accessible, ensuring individuals can drive a high-quality vehicle without straining their finances.
- Preserve Personal Savings
Rather than depleting savings on a car purchase, financing enables individuals to keep funds available for emergencies or other important expenses. This ensures greater financial flexibility while still securing the vehicle needed for work and personal use.
- Flexible Repayment Options
With a range of repayment plans available, borrowers can choose terms that best suit their budget. Whether opting for lower monthly payments over a longer period or a shorter term to minimize interest, personal car finance adapts to different financial situations.
- Access to Better Vehicles
Financing allows individuals to access higher-quality, newer vehicles that might otherwise be out of reach. A modern, fuel-efficient, and comfortable car enhances convenience, professionalism, and reliability—important factors for those working in funeral services.
Get Your Personal Car
Finance Quote
Fill out the form below or call us at 03300270433 for more details and we’ll get in touch to discuss your options.
Types of Prestige Car Finance
In the mass car market vehicle contract hire and leasing is widespread. It provides for a fixed monthly cost but is quite restrictive with mileage conditions and fixed term contracts that, in our experience, doesn’t provide the flexibility that most prestige car finance clients are looking for. Our brokerage does not exist to service the mass car finance market – it is simply not our client base. We have chosen instead to focus our service on the high end car finance sector and the discerning needs of these clients, and for these reasons we don’t offer car leasing or contract hire solutions within our brokerage.
- They want to choose their own vehicle from their own supplier.
- They want to buy used as well as new cars.
- They want to negotiate their own price with their supplier.
- They want the flexibility to pay lump sums or settle early without excessive penalties.
- And importantly, they want to OWN the vehicle, rather than lease it, benefitting from any future sales proceeds.
Fixed Rate Hire Purchase
A traditional HP facility with fixed equal payments throughout the term of the agreement. Full title to the vehicle passes to the client when the loan is paid off. The client can settle in full at any time.
Variable Rate Hire Purchase
As above but with variable interest rate options available from some providers.
Hire Purchase With Balloon
As above, however instead of equal monthly payments throughout the agreement a lump sum “balloon” payment is deferred until the end of the agreement. This balloon is typically set at an amount just below the expected future value of the car at the end of the finance period. This allows for initial monthly payments to be greatly reduced, and provides the flexibility for the client to either part exchange the car, clearing the balloon balance, or refinancing the balloon payment over an extended period if the client wishes to keep the car.
Sale & HP Back / Refinance
Any of the above products can be used here, however instead of buying a car, the client already owns the vehicle and sells it to the finance company. The client is paid by the finance company, allowing them to release capital from their car however they wish. The client retains full possession and use of the vehicle, however title passes to the finance company for the period of finance. In every other respect the finance agreement works in the same way as those outlined above.
Why choose MacManus
Funeral Director Finance?
MacManus Funeral Director Finance are the Business Moneyfacts Asset Finance Broker of the Year 2024 – awarded as a result of our incredible levels of delivering for our clients. We are a firm directly authorised and regulated by the Financial Conduct Authority and are a full member of the National Association of Commercial Finance Brokers having achieved the enhanced “NACFB Assured” status, we uphold the highest standards of integrity and regulatory compliance.
Led by a team with over 25 years of business finance experience and a track record of supporting hundreds of UK businesses, our credibility speaks for itself. Our extensive network of business finance providers, offering competitive rates and flexible terms, delivers tailored financial solutions that meet the diverse needs of businesses.
At MacManus Funeral Director Finance, we ensure a personalized service and foster long-term partnerships with each of our clients.
