Equestrian
Capitas is a market leader in the financing of horseboxes.
Our experience and knowledge of horseboxes makes us the preferred choice for private individuals, transport operators, equestrian yards, trainers and event professionals. Equestrian Finance from Capitas is a strategy for gaining a variety of benefits:
- We can fund for both private individuals and business users
- We’ll fix contracts around your budget, providing affordable finance for the best vehicles for the job
- Our facilities include Hire Purchase, Hire Purchase with Balloon, Balanced Payments Plan and Leasing
- We’re fully informed on how tax changes affect vehicles and vehicle finance
- We can take residual value positions on horseboxes and structure balloon payments to reduce repayments during the primary finance term
- We can match the finance to the replacement cycle of the vehicle
- Our sale and leaseback option can release valuable cash, and for company users, remove vehicles from your balance sheet
- Our GAP insurance protection provides you with valuable peace of mind
- We also provide funding for 4x4 vehicles, trailers, stabling, field shelter, fencing, yard equipment, ATV’s and horse exercisers, solariums and pools
Finance Lease
All the benefits of ownership without the burden
If you are a business and registered for VAT, there may be good financial reasons why leasing is for you. You retain full use of the horsebox for an agreed period of time for an agreed periodic rental. It offers all the practical benefits of ownership without any of the potential burdens.
Key features and benefits of Leasing:
- Working capital preserved - payments spread over the life of the asset
- Allows vehicles to be updated as old ones need replacing
- Fixed monthly costs for greater control of cash flow
- Rentals may be offset against your taxable profits subject to HMRC rules
Hire Purchase with Balloon
The simplicity of Hire Purchase, but with reduced regular payments
Hire Purchase (HP) with a balloon offers lower monthly payments than normal HP. Instead, at the end of the agreement, you can make a final lump sum payment (known as the ‘balloon’) to own your horsebox. It’s fixed rate finance - but with a lower fixed monthly outlay since you defer repayment of some of the borrowing. At the end of the agreement options include vehicle purchase, refinance, part exchange or resale. The deposit you pay is flexible - typically between 10-50% of the horsebox cost. The deferred balloon element is calculated on the estimated future resale value of the vehicle. The difference, plus fixed interest, is repaid in equal instalments over an agreed period, plus a final balloon payment.
Key features and benefits of HP with Balloon:
- Low deposit - keeps valuable personal cash available
- Lower fixed monthly payments - perfect for budgeting
- A better horsebox - lower payments help you choose a higher specification vehicle
- Flexibility - does not compromise your other lines of credit
- Assets - you gain vehicle ownership
Balanced Payments Plan
Hire Purchase with a difference
Balanced Payment is a finance option with the advantage of fixed monthly payments. However, unlike Hire Purchase, where the interest is fixed, balanced payment plans track changes in the finance house base rate. As rates fall or rise over the period of the contract, so does the interest charge you pay.
You pay an initial deposit, and repay the balance in fixed monthly payments over an agreed period. At the end of the term any variation of interest is reconciled and will be settled as either a credit to you, or a charge. Alternatively, the term can be shortened or extended. Other options available with Balanced Payment Plan include a deferred final ‘balloon’ payment, or settling your agreement early with a lump sum payment.
Key features and benefits of Balanced Payment Plan:
- Low deposit - retain cash or working capital
- Flexibility - optional lump sum payments
- Competitive - low cost options for early termination
- Fixed monthly payment - perfect for budgeting
Hire Purchase
What could be easier?
The simple straightforward method of paying for your horsebox allows you to organise finance over one to five years. You choose the amount of deposit you wish to pay, typically between 10-50% of the horsebox cost. The balance is repaid over the term of the agreement. You have a fixed rate of interest with fixed monthly payments, making budgeting simple and easy. And at the end of the agreement, once you have made all your payments, you own the vehicle. What could be easier?
Key features and benefits of Hire Purchase:
- Low deposit - retains valuable personal cash
- Control - you decide the deposit, you decide the term
- Fixed monthly payment – makes budgeting simple
- Flexibility - doesn’t compromise your other lines of credit
Horseboxes
Find the right solution
Capitas is one of the UK’s leading horsebox finance providers. The chances are that you already have your eye on a particular model or fleet of horseboxes. So while you think about what to do next, we invite you to consider our products and services.
Our finance solutions are typically provided over one to five years, although in certain instances, we can extend to seven years. We can also structure a ‘Balloon’ payment at the end of the finance term to reduce your monthly repayments. Many customers find that this makes budgeting easier and repayments more manageable. You also have the ability to re-finance the balloon at the end of the term or trade the vehicle in and enter into a new finance agreement over the term of your choice.
You may finance purchases from manufacturers or suppliers on both new and used vehicles. Our professional and unhurried approach to business, swift credit decisions and vast experience are only a few of the reasons Capitas is the first choice retail finance company for some of the UK’s leading horsebox coachbuilders.
Benefits of Capitas
Finance as precisely engineered as your horsebox
Whether you’re a private user or business Capitas can provide choice, quality and genuine personal service at every turn. We pride ourselves on our equine market knowledge and have extensive financial solutions that can fulfil your entire asset funding requirements.
Why you should choose Capitas as your horsebox and other equine assets financing partner?
Simply, it’s because we offer you:
- Sound financial advice: We understand the intricacies of purchasing a horsebox and other equine equipment and we’ll help you manage risks before they become liabilities, including the residual value position
- Fit for purpose financing: We offer rate competitiveness and consistency
- Tailored solutions: We’ll fix contracts around your budget, providing affordable finance for the best horsebox or other equipment to suit you
- A pleasing experience: We’ve simplified the entire financing process, from acquisition through to disposal if required
- Relationship management: We’re a proven partner, dedicated to your success across not just the lifecycle of your investment but the lifetime of our relationship