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  • Points

A complete solution to your vehicle finance needs

Maintenance cover with CoverPlus
Salary Sacrifice Scheme
EV Charging Points

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Our Vehicle Finance Partners

Salary Sacrifice Scheme

We have partnered with TCH Salsa to provide an employee benefit which enables you to lease a brand-new electric or hybrid company car through a salary sacrifice scheme.

The salary sacrifice scheme enables the leasing of a brand new electric or hybrid car, fully serviced, maintained, and insured for either 2, 3 or 4 years and allows you to make substantial savings over traditional personal finance methods due to income tax, national insurance (NI) savings and fleet discounts on vehicles and maintenance costs.

Click here for more information on the scheme.

Finance for EV Charging

We are a sustainability partner of Hypervolt, the UK's leading innovator in smart EV charging. Hypervolt build enhanced EV charging and smart technology, providing a seamless user experience.

For further information about finance for EV charging, click here to read our blog or contact us.

Vehicle leasing for schools - Rows of school minibuses parked outside, ready for leasing.
Vehicle leasing experience - Women comfortably seated in the driver's seat of a luxurious new Austin Martin car.

PCP, Hire Purchase & Contract Hire Explained...

There are a few types of vehicle lease to consider: Personal Contract Purchase (PCP), Hire Purchase (HP) or Contact Hire. Whilst they all enable you to spread the cost of a vehicle over time, only PCP and HP have the option to become the owner of the vehicle at the end of the lease. For Contract hire, you are essentially ‘hiring’ the car for a period of time and give it back at the end of the agreement.

Personal Contract Purchase (PCP)

A personal contract (PCP) is a specific type of finance. The main difference between PCP and HP finance is how the monthly payments are structured. In a traditional hire purchase agreement, you pay back the amount you borrowed in equal monthly instalments. A PCP is different in that you have lower monthly instalments followed by a large final payment at the end.

Hire Purchase (HP)

Hire Purchase can be used to purchase new or used vehicles. It is also known as a Hire Purchase agreement or simply HP. You essentially hire the car over the contract period, with a view to purchase it at the end of the deal. You'll own the car outright once you've made all the payments, which may include an “Option to Purchase” fee at the end of the term.

Contract Hire (or Lease Hire)

A Contract Hire (or Lease Hire) is a long-term rental agreement that is best suited to those who don't want to purchase the car outright at the end of the term - essentially you are ‘hiring’ the car for a period of time. The car remains the property of the leasing company from start to finish – they are the vehicle’s registered owner and keeper throughout.

Going the extra mile

Maintenance with CoverPlus

Our CoverPlus maintenance plan provides you with everything you need in one place for total peace of mind. Forget the hassle of trying to stay on top of lots of different suppliers for servicing, repairs and breakdown, CoverPlus is a one-stop maintenance and repair booking service.

We act as a single point of contact providing you with:

  • Servicing
  • Mechanical repair
  • MOT
  • Breakdown assistance
  • Tyres and exhausts

Click here for more information.

Check out our maintenance plan and extra cover options with CoverPlus

Education

Frequently Asked Questions

What services do Bluestone provide to customers?

Bluestone provides a comprehensive range of financial services designed to help businesses manage their cash flow and growth. These include asset finance, allowing companies to spread the cost of purchasing equipment and machinery while maintaining liquidity. Invoice finance solutions offer immediate access to funds tied up in unpaid invoices, ensuring smoother cash flow management. Bluestone also provides tailored cash flow loans and customer finance options to meet short-term financial needs and enhance sales potential. Additionally, the company offers property finance for purchasing, refinancing, or developing commercial properties, as well as vehicle finance for acquiring individual vehicles or managing entire fleets.

Can you work with us to tailor a financing solution to meet the specific needs of our school, and if so, what is involved in this process?

Absolutely! Our goal is to help you find the financing solution that best meets the needs of your school. We will work with you to understand your specific requirements and develop a tailored financing solution that fits your needs. This may involve considering a variety of financing products and providers, and we will provide you with guidance and support throughout the process.

BS.202311.01FAQ32

Are there any tax benefits or other incentives for schools that use asset finance, and if so, how can we take advantage of them?

There may be tax benefits or other incentives for schools that use asset finance, depending on the specific financing product and your school's location. For example, in some cases, you may be able to claim tax deductions for the interest paid on the loan. We would be happy to discuss these options with you and help you determine if they are applicable to your school.

BS.202311.01FAQ16

What are the typical repayment terms and interest rates for asset finance for schools, and how does this compare to other financing options?

The repayment terms and interest rates for asset finance for schools vary depending on the specific financing product and the assets being financed. In general, repayment terms can range from a few months to several years, and interest rates will be determined based on your school's credit history and the specific financing product.

BS.202311.01FAQ61

What are the eligibility requirements for asset finance for schools, and what information do we need to provide to be considered for financing?

To be eligible for asset finance for schools, you typically need to provide information about your school's financial history, including revenue, expenses, and debt. We may also require a personal guarantee from key members of your school's management team.

BS.202311.01FAQ54

Our team are always here to help...

We know finance can be complex and often it's easier to talk things through. Drop us a message or give us a call 0330 135 8660 and we'll get back to you ASAP.

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