With the new 69 registration plate being released next month, Halo’s team are gearing up for one of the busiest times of year for new vehicle purchases.
Not only are lots of business customers keen to snap up a new vehicle, there are plenty of deals available on cars and vans already in stock.
While the latest figures from the Society of Motor Manufacturers (SMMT) reveal a dip in new car registrations in the six months to June, Halo are confident that we will continue to see a strong pipeline of new vehicle deals in August as we approach the new vehicle registration plate release in September.
The future is electric
If you are thinking of an electric or hybrid vehicle, there has never been a better time to buy with the widest range of cars and vans now available.
In July 2019, HM Treasury announced their intent to strongly incentivise full battery electric vehicles (BEVs) using new Benefit In Kind tax rates, and offer a more modest incentive on plug-in hybrid electric vehicles (PHEV).
The new lower rates become effective from April 6th 2020 and from that point all BEVs will pay no company car tax in 2020-21, just 1% in 2021-22 and 2% in 2022-23.
Despite the current economic and political uncertainty, the market for UK vehicles remains an important part of economic growth. According to figures from the Finance and Leasing Association, the asset finance sector is on course to report a record level of new business as more businesses make use of innovative finance arrangements than ever before.
From Halo’s perspective 2019 is shaping up to be another very strong year
If your business hasn’t yet considered the full range of finance options available outside bank funding, read this article to find out how Halo can help you make the most of our preferential rates and fast turnaround times.
To ensure our customers can make the most of the finance deals we have available, we have been working to improve our service by launching a new eligibility checker tool on our website.
It takes less than 30 seconds and won’t impact your credit score.
Thinking about it? Why not check your eligibility on our website. It takes just 30 seconds and won't affect your credit rating.
If you’re undecided and would like help, why not download our free guide to financing your growing business. It's a guide written especially to help businesses like yours establish the best type of finance to support your growth.
- The different asset finance solutions available to you
- The difference between types of finance such as leases, hire purchase and commercial loans
- Which type of finance may be best for your business based on your needs
And if you need help with anything, chat with one of the team now by clicking the button at the bottom of your screen.