The car and motorcycle finance professionals.

The car and motorcycle finance professionals

Get a quick quote or apply online.

Get a quick quote or apply online

Smart funding solutions...aggressively competitive pricing.

Smart funding solutions...aggressively competitive pricing

We will fund any new or used car/ bike from your chosen supplier.

We will fund any new or used car/ bike from your chosen supplier

Fully licensed for the sale of CCA regulated finance products.

Fully licensed for the sale of CCA regulated finance products

Delivering innovative funding solutions across the UK since 2004.

Delivering innovative funding solutions across the UK since 2004

Motorcycle finance deals to get you on the road.

Motorcycle finance deals to get you on the road

Company car funding

Company Car Loans for individuals and Companies.

Radius Finance provide company car funding solutions to companies and individuals all over the United Kingdom. We work closely with our clients to arrange cost effective solutions for the acquisition of vehicles for business.

Finance Lease Purchase

As with Hire Purchase, ownership of the asset remains with the finance company. Ongoing rentals are paid over the fixed primary term. All operating responsibilities and costs rest with the company. At the end of the primary term, the company will usually have the option to purchase the car, return it to the lease company or extend the lease to a secondary period.

The tax treatment is broadly the same as contract hire, above, except that the total cost of the lease is spread over the expected term of the agreement. This is by way of capitalising the asset and allowing the notional depreciation and finance charges. The same CO2 disallowance considerations apply as for contract hire. Once again, half of the monthly input VAT cost can be reclaimed.

Advantages: Readily understood and available through main dealers.
Disadvantages:Lease liability (and asset) shown on balance sheet

 

Cash Purchase

This is the simplest and most common acquisition method, whereby spare cash resources are used to make an upfront purchase of the vehicle. All running responsibilities and costs rest with the company.

Normal running costs pass through the profit and loss account and are allowed for tax. Recovery of input VAT on the cost of the car is not permitted unless the car is used for 100% business use. Capital allowances are available based upon the cost of the car. The cost of the car does not qualify for the Annual Investment Allowance. A writing down allowance (restricted to £3,000 where the car cost over £12,000) of 20% (where CO2 emissions are less than 160g/km) or 10% (where emissions exceed 160g/km) is given each year, on a reducing balance basis. No balancing allowance is available on disposal. Low emission cars (below 110g/km) qualify for 100% first year allowance.

Advantages:Simple and popular, with maximum control.
Disadvantages: Responsible for all ownership, running and sale issues.


Hire Purchase

This form of purchase spreads the cash flow effects of the transaction over the life of the asset. Ownership passes when the final instalment has been paid.

The tax treatment is as per the aforementioned Cash Purchase.

Advantages:Most common/understood form of borrowing for vehicle purchase.
Disadvantages:Risk of repossession if company defaults on payment plan

 
Request a quotation, make an online application or contact us for further information.
 

3 SIMPLE STEPS TO ARRANGE THE CAR FUNDING YOU NEED AT THE LOWEST POSSIBLE RATE...
  • 1. Request a finance quotation based on the most cost effective way of financing your new Vehicle.
  • 2. We will arrange your loan facility (subject to status). This normally takes just an hour or two.
  • 3. We will arrange an invoice from the supplier and make payment (same day cleared funds) in time for delivery.