Financing your horsebox
We work closely with a rural finance specialist who has experience of providing finance for equestrian customers including funding the purchase of horseboxes. Below is a brief summary of the two main funding options available, however if you would like to discuss a tailored finance package please do not hesitate to contact us.
Hire Purchase (HP)
A minimum deposit of 10% plus all the VAT is usually required upfront.
VAT then reclaimed in usual way on VAT return (VAT registered customers only).
Make capital and interest payments each month over a period from 12 months to 84 months.
There is an admin fee of £250.00 taken on the first DD.
Also an Option to purchase fee of £250 +VAT at end of contract ensures that the box is 100% owned by you.
Finance Lease
Minimum deposit of one monthly payment.
VAT is paid on each monthly payment and then claimed back via VAT return (VAT registered customers only).
Payments are a “rental” so full payment (excluding VAT) can be shown as a business overhead.
Repayment periods from 12 months to 84 months can be accommodated.
There is an admin fee of £250.00 taken on the first DD.
At the end of the contract, the asset does not transfer from the finance company to you but a “secondary period rental” begins and you are charged a nominal annual rental.
If/when the vehicle is sold to a third party CBAF retains 5% of the sale proceeds.
If you are unsure about which finance option is best for you, we recommend that you consult with your accountant. For more information contact us direct or contact our finance specialist:
James Palmer. 07935 704011. James.palmer@closebothers.com
This promotion is for business purposes in the UK only for a Theault Horsebox and is subject to credit acceptance. Acceptance is subject to final credit approval which shall be at our sole discretion and to you entering into all documentation required in connection with the transaction on terms satisfactory to ourselves. We reserve the right to review the rental and rate in light of any changes in costs or other material changes up to the date of inception of any transaction. Atacanter Horseboxes is an Introducer Appointed Representative of Close Brothers Asset Finance.
