What is Automotives and Vehicles Finance?

We offer automotive finance options for wholesale, fleet and retail. This is whether you are a large business, individual or sole trader looking to acquire vehicles. We provide a high-quality service and can assist in providing competitive packages with cost savings.

Automotives and Vehicles Finance

We can assist in a range of options, such as leasing, hire purchase or asset refinancing, allowing you to unlock much needed cash flow for your business. There are many difficulties that face the industry, with macroeconomic problems; heightened fuel costs, lower margins, and unfavourable new European legislation all leading to a more difficult environment in which to operate. We can work with together to assess funding packages and provide transport financeto assist in releasing capital to help in running the business, by releasing finance from your vehicles or spreading out purchase costs.

We aim to work with you to provide the best solutions and partners; providing funding for almost all types of transport, including LCVs, HGVs, coaches, lorries, tractors and trailers.

Automotives and Vehicles we fund

Key commodities include:

Lorries
Buses and coaches (PSVs)
Cars
Construction
Planes
Tractors
Tankers
Trailers
Trucks (HGVs)
Vans

Trade Finance Requirements

Your business is looking for £50k+ trade finance
You want to import or export stock and have suppliers/ buyers
Your business is creditworthy

How the transaction works

When a business wants to trade internationally, the exporter would typically want to be paid upfront by the importer. The bank would issue a Letter of Credit, which guarantees this payment to the exporter upon receipt of documentary proof that the goods have been shipped. This is then repaid once the importer has paid for the goods, which could be anything between 30-180 days later.

What is the SIC Code for Motor Vehicles and Cars?

The SIC Code for is 29100 (Manufacture of motor vehicles)

Other SIC Codes that could also be used are:

45111 Sale of new cars and light motor vehicles
45112 Sale of used cars and light motor vehicles
45190 Sale of other motor vehicles
45200 Maintenance and repair of motor vehicles
45310 Wholesale trade of motor vehicle parts and accessories
45320 Retail trade of motor vehicle parts and accessories
45400 Sale, maintenance and repair of motorcycles and related parts and accessories

Case Study

Specialist Car Company, Bootle

A small entrepreneurial second-hand car brokerage based in Liverpool wanted to expand its stock. Trade Finance Global assisted with structuring a facility for the client to purchase more second hand cars and rapidly grow the business. The company went from £500k revenues the previous year to £1.2m in the first 6 months.