Finance & Hire — Overlander

HORSEBOX FINANCE OPTIONS

Partnering with First Equine Funding, we are able to offer multiple horsebox finance options in order to help you finance your horsebox purchase. With over 45 lenders to hand, it means that whatever your requirements, we can offer the right horsebox finance package that is individually tailored to your needs. Irrespective of credit or time trading, we can source the most competitive and flexible finance plan on the market.

TERMS

2-7 years

No deposit/low deposit terms

Balloons of up 65% available

Rates from 2.5% (subject to status)

New start business’ considered

Tenants and weak credits considered

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LEASE PURCHASE

Lease Purchase 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, this can be from 0%, right up to 90%. Typically, people place the Vat down and finance the balance. Part exchanges are also welcome, as this will help to increase your deposit amount and thus lower the monthly payment. Once the initial term has finished, a final balloon payment is due. This is factored upfront to help lower your monthly payments. This is based on the future value of the horsebox. Horseboxes value extremely well, so you will always remain in positive equity.

How it works

The deposit, term and interest rate is agreed upfront. The documents are signed and the agreement starts, where your monthly payments begin.

At the end of the agreement, when the balloon is due you have 3 options:

Pay the lump sum and own the horsebox
Refinance the balloon (fund the sum over 2-10 years)
Sell the horsebox and this will pay off the balloon (any difference is yours to keep)

HIRE PURCHASE

Hire Purchase is a simple way of financing that gives you the certainty of a fixed interest rate, and fixed monthly payments throughout the agreement. The VAT must be paid upfront, plus any more deposit you wish. If you are a business, you can of course claim this back. 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.

How it works

The deposit, term and interest rate is agreed upfront. The documents are signed and the agreement starts, where your monthly payments begin.

At the end of the agreement, the horsebox is yours. You can settle at any time without penalty, but where the term is fixed, the balance must be settled in full.

Appointed Representative of First Business Finance (UK) Ltd who are authorised and regulated by the Financial Conduct Authority for credit broking Reg No: 685879.

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We also partner with Paul Close Finance.

Appointed Representative of Paul Close Finance Solutions Ltd who are Authorised and Regulated by Financial Conduct Authority for credit broking Reg No 668755.

LONG & SHORT TERM RENTAL AGREEMENTS

Overlander is part of the Hireco Network and operates a number of high quality R240 Horseboxes for long or short term hire. Contact our team to find out what rental vehicles are available in your area.

Contract Hire is a rental agreement offering the exclusive use of a Horsebox for a set period of time, with pre-agreed total mileage at a fixed monthly rental. It helps budgeting as it avoids any unexpected costs during the hire period.

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How it works

Your Contract Hire Horsebox will be on a fixed term basis that can range from 12-36 months with set annual mileage and full maintenance.

With no upfront costs all you have to do is pay the fixed monthly rental payments for your arranged period of use and insure the vehicle. At the end of the period of rental, you can return the Horsebox, start a new agreement with a brand new Horsebox or purchase the Horsebox at market value.

The Benefits

NO upfront costs with fixed monthly rentals

Full maintenance package included

Enhance your cash flow

Road Fund Licence included

No vehicle disposal risk at the end of your contract

Roadside Recovery included

Considerations

Early termination can be costly

Horsebox must be returned in a well maintained condition

Any damage over and above the BVRLA ‘Fair Wear and Tear Guide’ will be subject to additional charges

Vehicle must be insured with full comprehensive cover

At the end of the rental period you will not own the vehicle unless you opt to purchase

OTHER PARTNERS WE TRUST

Overlander have partnered with PRP to offer specialist rescue services. PRP use only fully certified, professional recovery agents.

PRP manages upwards of 5,000 breakdowns per year and animal welfare is always PRP’s first priority and as such all staff are experienced with horses, either as owners, or having worked hands-on with them for many years.

PRP’s longevity is testament to the quality of service provided and they have long-standing relationships with horse transport companies throughout the UK & Ireland who provide excellent service on their behalf.

prprescue.com