Finance Products at Ethos Finance

We offer a wide range of finance products which can usually be tailored to each of our customers individual requirements. For details on how these products work or which product may be most suited to your needs, we have provided these useful explanation videos to assist with you in making an informed decision.

For a quotation or should the product you are looking for not be available below please get in touch with one of our experienced team who will be happy to assist you.

Call our team on 01423608666 or enquire today.

What is Hire Purchase?

Hire purchase is a type of asset finance where the purchaser will pay regular instalments throughout the agreed time. After all the payments have been made, the purchaser legally owns the asset. Hire purchase for assets is like when an individual might buy a car, normally this involves paying a deposit and all the VAT upfront.

The benefits of hire purchase include:

  • Fixed Budgeting
  • Fixed Monthly Payment
  • No mileage restrictions
  • Full ownership at the end of the agreement

Not sure if hire purchase is right for you? Get in touch with one of our team to find out more.

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What is Lease Purchase?

An asset lease purchase, or finance lease, is when a customer rents an asset during the majority of that items useful life. The customer renting the asset will never own it but takes on most responsibilities, such as maintenance. Lease purchases consist of regular monthly payments, which add up to the full cost of the asset plus interest. At the end of the agreement, the customer has three options:

  • Continue to use the asset in a secondary lease period (often with cheaper payments).
  • Sell the asset and keep a share of income.
  • Return the asset.

The finance option feels like a hire purchase; however, they are different on the balance sheet. Deciding between them is usually down to financing as with lease purchase you can spread the VAT cost over several payments.

The benefits of lease purchase include:

  • Lower payments through the option of a balloon (deferred final payment)
  • Option to purchase the vehicle at the end of the agreement
  • Flexible arrangement - terms can be amended
  • Any equity in the vehicle can be used as a contribution towards a new vehicle.

Interested in knowing more about lease purchase? Message us today.

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What is Personal Contract Purchase (PCP)?

Personal contract purchase is used by a private individual when they are looking to buy a new vehicle. A PCP financial deal guarantees a future price on the asset-based on estimates from CAP.

The benefits of personal contract purchase include:

  • Fixed monthly payments
  • Low deposit
  • Fixed interest rates
  • Option to purchase at the end of the agreement
  • Option to hand the vehicle back at the end of the agreement with no additional charges* (subject to vehicle condition & mileage)
  • Available on new & used vehicles. (used must not exceed 60 months at the end of the term)

Get in touch with us today to find out more about personal contract purchase

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Why Choose Us?

Ethos is an independently owned Asset Finance company which operates across the UK.

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Ethos Asset Finance Ltd are authorised & regulated by the Financial Conduct Authority for Full Permission Credit broking under FRN 723779.

Ethos Asset Finance Ltd are registered under Data Protection ZA156001.

Ethos Asset Finance Ltd are a credit broker and not a lender. We can introduce you to a carefully selected number of lenders and their finance products which may have different interest rates and charges. We are not an independent financial advisor. We do not charge you a fee for our services. We will provide you with information about the products we offer, including their key features and costs, to help you make your own decision. We do not provide advice or make recommendations. You may wish to consider any alternative options that maybe available to you. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). You accept and agree we will receive a commission payment from the lender on completion of the finance arrangement. The lenders we work with could pay commission at different rates. The commission we receive is included in the amount you pay to the lender over the term of your finance agreement.

Disclaimer

Ethos Asset Finance Limited makes every effort to ensure that the information contained on the Website ("the Information") is accurate and complete. However, errors and omissions may occur from time to time and we are not able to guarantee the accuracy of the Information. Therefore, we cannot be held liable for any reliance which you place on the Information. Ethos Asset Finance Limited does not give any warranties in respect of the Website or the Information or the goods and services available via the Website and makes no representations as the fitness for a particular purpose of any goods or services available via the Website. Ethos advertise vehicles on behalf of existing clients and suppliers at their request. 

Ethos advertise vehicles on behalf of existing clients and suppliers at their request. Ethos accepts no responsibility for the representation, condition or warranty related aspects of these vehicles. It is the buyer’s responsibility to ensure they are fully satisfied with the quality & condition of these vehicles prior to finalising the purchase. Business & Fleet Users only.