Key highlights
- 100% coach finance may be available for the right applicant
- Borrow the full price and keep capital in the business
- Suited to established operators with a manageable credit history
- The coach must value up reasonably against the purchase price
- Full finance means higher repayments and more total interest
Yes, 100% coach finance is possible for the right applicant. It means borrowing the full purchase price without a cash deposit, preserving capital for running the business. Approval depends on how your profile stacks up.
Who qualifies for 100% coach finance?
Full-value finance is generally offered to established businesses with a clean or manageable credit history, a decent trading record and a coach that values up well. Newer operators or those with credit issues may still qualify with additional security. All outcomes are subject to lender criteria.
How does coach value affect full finance?
Lenders lend against the coach, so they need the purchase price to sit reasonably against market value. A well-priced coach from a dealer is more likely to attract 100% finance than an over-market private buy. Some lenders also fund on-road costs; others cap at the drive-away price.
Is 100% coach finance worth it?
Borrowing the full amount keeps cash in the business but means higher repayments and more total interest than a deposit deal. For how this affects deductions, consult your accountant or registered tax adviser.
Keen to keep your cash working? Ask Simon at Overdrive whether 100% coach finance suits you. The obligation-free quote starts with a soft check that will not affect your credit score.
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