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Finance Options We have a wide range of finance options for the purchase of new and used trucks and vans. We presently have agreements with - Alliance & Leicester Commercial Bank
- Commercial Vehicle Finance (CVF)
- The Bank of Scotland
 Operating Lease
An Operating Lease is a hire contract between you and Isuzu Truck Finance. The rentals are calculated upon the estimated depreciation of the truck over the period of hire, rather than just the initial cost. At the end of the contract you return the truck with no further payments provided that you have performed and carried out all the obligations under the Agreement.
Finance Lease
A Finance Lease is also a hire contract between you and the Bank of Scotland. The Bank of Scotland agrees to purchase the truck you have selected from Isuzu and hire it to you at an agreed price over an agreed period of time. You then pay the Bank of Scotland rental payments over the term of the lease, normally with several due in advance. At the end of the contract the truck is sold with the majority of sales proceeds treated as a rebate of rentals to you. Hire Purchase
A Hire Purchase Plan, which is commonly referred to as Leased Purchase, is a hire contract with the cost of the truck repaid in full over the contract in fixed instalments. Once all of the payments have been made, title of the truck will pass to you upon exercise of the option to acquire title and payment of the option price. For tax purposes, you are deemed to be the owner of the truck and can therefore claim capital allowances. As VAT is payable on the purchase price, we will ask for this VAT element to be paid as a deposit. Contract Purchase
A Contract Purchase Plan is similar to Hire Purchase, but at the end of the contract you have the option to pay the agreed residual value or return the truck with no further payments subject to fair wear and tear and the agreed mileage not being exceeded. To find out more please contact us.
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