If you would like to finance your purchase, we have partnered with Sussex Asset Finance Ltd who deal with the UK's leading finance companies. Whatever your requirements, we can offer a package that is individually tailored to your needs.

Lease Purchase

What is it?

This is a more flexible form of purchase agreement and a popular choice of finance. The initial deposit can be structured to meet your requirements and budget, you may be able to trade in your existing horsebox and put this towards the initial deposit, or if you wish, just put down a cash deposit. A final lump sum balloon payment option is available if you would rather make lower repayments throughout the agreement, the term would be 5 years with the balloon payment taken at the end of the term. The balloon payment is calculated on the anticipated value of the horsebox at the end of the agreement.

How does it work?

We will structure the agreement to meet your requirements based on the horsebox, your deposit and monthly budget.

After paying the deposit you make regular monthly payments and any balloon payment, to repay the amount borrowed plus any interest and fees.

The interest rate is fixed which means you'll know exactly how much you will repay throughout the term of the agreement.

At the end of the monthly payment period you have two options. You can retain the horsebox (simply pay the balloon payment, and the horsebox is yours) or renew the horsebox (choose another horsebox, using any equity towards your deposit).

Features and Benefits

Provides lower fixed monthly payments by offering the option of a balloon on the final repayment.

Payments are not subject to VAT since this type of agreement is a purchase plan.

This type of agreement is covered by the Consumer Credit Act 1974, which means you can pay off lump sum amounts during the agreement.

You can settle the agreement early by repaying the required amount. 

Hire Purchase

What is it?

A simple way of financing that gives you the certainty of a fixed interest rate, and fixed monthly payments throughout the agreement. The initial deposit and repayment period can be structured to help meet your budget and the length of time you expect to keep the horsebox. You may be able to trade in your existing horsebox and put this towards the initial deposit, or if you wish, just put down a cash deposit. We can arrange finance to paid over any term from 3 years to a maximum of 10 years, dependant on the age of the horsebox.

How does it work?

We will structure the agreement to meet your individual requirements based on the horsebox, the agreement duration required, the available deposit and your monthly budget.

After paying the initial deposit you make regular monthly payments to cover the amount borrowed plus any interest and fees.

The interest rate is fixed which means you'll know exactly how much you will repay throughout the term of the agreement.

Once all of the payments have been paid the horsebox is yours.

Private Individuals:

A lease purchase is a common way of keeping your monthly payments more affordable. The larger payment at the end of the agreement, usually known as a balloon payment is based on a fixed future value of the horsebox. The balloon helps to bring down the monthly cost whilst offering you 3 ways to pay it at the end...

1. Keep the horsebox and pay the balloon
2. Keep the horsebox and refinance the balloon over another few years (subject to credit approval when the refinance is applied for)
3. Sell the horsebox and settle the finance in full

Businesses (trading for minimum 3 years):

Similar to the lease purchase for private individuals; if you are applying through your business which is eligible to reclaim VAT, we can input a 3-month VAT deferral on to your agreement (subject to credit approval). The VAT deferral enables you to claim the VAT back through your business prior to paying it to the lender. In the third month when the VAT is due, you will then already have the funds available to pay this. The balloon payment on this lease purchase helps to bring down your monthly payments whilst offering the same 3 final options for paying the balloon as detailed above. 

Sussex Asset Finance
2 Jubilee Road
Burgess Hill
West Sussex
RH15 9TL

Email: enquiries@safin.uk.com
Tel: 01444 246000
Fax: 01444 246020