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Business Funding

Get a quote or advice call:  01226 280211

Scorpion Business Contracts


Choosing the right funding option is vital. Contract hire or outright purchase we are committed to offering our customers genuine discounts, significant savings and the most competitive rates in the market.

Please take a moment to consider the following funding options. If you are still unsure which one would be of most benefit to your business why not contact us to discuss your requirements in more detail. Our advice is friendly, impartial and free!


Contract hire is a popular funding method for business customers looking for a risk free form of vehicle acquisition.

  • Vehicles do not appear on the company's balance sheet, as they are owned by the finance company.
  • The rental agreement combines a fixed hire period, contract mileage and monthly cost, together with a minimum initial rental (typically three payments) makes budgeting easier.
  • Providing the company is VAT registered 50% of the VAT can be reclaimed on the finance element of the rental and 100% on the maintenance element if included in the contract. The VAT on commercial vehicle contracts can be reclaimed in full.
  • Business contract hire is a rental agreement and as such any financial risks are taken by the finance company, namely the disposal costs, changes in interest rates etc.


Contract purchase is an ideal choice of funding for business customers unable to fully reclaim VAT and offers all the managerial, administrative and operational benefits of contract hire together with the tax advantages of ownership such as the ability to claim capital allowances.

  • Vehicles acquired on contract purchase appear on the company's balance sheet as assets.
  • Contract purchase is particularly beneficial to companies wishing to fund high value vehicles.
  • Like contract hire the rental agreement is based on a fixed hire period, contract mileage and monthly cost with the main difference being the option to retain ownership by paying the pre-determined purchase price agreed at the contract inception. Alternatively, the vehicle can be returned to the finance company.


Finance lease is a method of funding for VAT registered companies wishing to handle the administration of their vehicles. Shown as an asset on the companies balance sheet this is a VAT beneficial finance option where the hirer can choose to pay the entire cost over an agreed lease period with the addition of an interest charge or pay lower monthly rentals during the lease period with a final payment based upon the anticipated resale value.

At the end of the agreed lease period, the vehicle is sold and the proceeds are used to clear any 'balloon' payment. If the sale proceeds do not cover this amount, then the lessee must make up the shortfall. Should the proceeds exceed the 'balloon' then the difference will be refunded as a rental rebate.


Hire purchase is one of the original funding options for business or private customers wanting to purchase a vehicle outright.

With the ability to pay a varying deposit, hire purchase still remains a popular option for companies who are not VAT registered. The vehicle appears as an asset on the company’s balance sheet and written down accordingly. All interest charges can be reclaimed.


If you prefer cash purchase why not take advantage of our competitive buying power. We guarantee significant cost and timesavings. No more dealership haggling and we offer our very best price first time!