As part of our commitment to provide the very best service to our customers, we have been developing an affiliate programme to expand our range of quality services.

Reliable finance continuity can often be an important part of vehicle ownership, especially for business customers. To that end we've teamed up with one of Britain's most experienced, long-standing finance acceptance specialists, TCA Finance.

Get answers to your most frequently asked American vehicle finance questions below. When you're ready, you can contact Kim Jones on +44 (0) 1303 253308 and quote reference "CAWEB" to get the best package for your requirements, personal or business.

	Can I get finance on an American car?
	Most definitely yes! During 2009, many lenders and brokers abandoned this market area, but new ones have replaced the old and criteria have changed but TCA Finance is still the market leader in placing Left Hand Drive (LHD) vehicle finance and with 30 years in the business, have solutions that other companies do not. American vehicles are the easiest to obtain finance for as long as they have an appropriate SVA or IVA certificate and are registered in the UK. The criteria are similar to financing Right Hand Drive (RHD) vehicles except bigger deposits are usually required. Why is this? Under the latest Consumer Credit Act regulations implemented in May 09 more rights have been given to the consumer with respect to terminating their agreements. Lenders are now at greater risk if the deal goes bad. Hence as lenders don't want the car back (and are not car dealers) they need to have a cushion in the deposit if they have to sell the car.
	How much deposit will I need?
	Depending on the lender, between 15% and 35% is the normal rate. The more you can give the more options you have. The more blips on your credit file the bigger the deposit.
	What about Rates?
	If you are very, very fortunate - and finance can be placed with a high street name - it may be possible to achieve an APR of under 10% but on average rates are between 10% and 14% APR (the same as finance for a used RHD vehicle). Those customers getting a very low rate tend to be people of High Net Worth i.e. earning more than £150K net a year. Also the high street banks tend only to like franchised dealers or very big car dealerships which they have checked out and of course, many car dealers in the LHD market are not franchised.
	Can I get a Lease on an American vehicle?
	Definitely. Most lenders prefer this. Many people can put the finance in a company or business name and then the VAT content is reclaimable on the monthly payments, if the car is being used for company or business purposes. Therefore, it is usually easier to make the case in favour of a commercial as opposed to a passenger vehicle. For example a Dodge Ram versus a Dodge Challenger.
	I am importing an American vehicle myself - can I get finance on this?
	Yes. Finance can be put into place in the UK before you make your final decision on the car purchase. However the car has to be registered in the UK before the finance company will pay out. So you might have to bridge the initial costs but as soon as the car is registered in the UK the bank will payout. Contact TCA Finance for help with ideas on how to do this.
	Can I get finance on an American Motor Home?
	Absolutely no problem. TCA Finance will be happy to assist.
	Can I get finance on a Classic American Car?
	Yes - but don't expect to finance anything under £25,000 as the banks have to value the car. If you attach the finance as a charge to your home anything is possible. For deals less than £10,000 try a personal loan.
	Can I finance an American vehicle that will be going to 'live' outside the UK?
	Yes. For example TCA provided finance for a LHD Ferrari 599 which was going to 'live' in Portugal. This was done by securing the asset against the UK home. Whilst the initial cost for this was £1,000, it meant that whenever the customer wanted a new LHD car they could - at no extra cost - achieve this with little hassle. This is a great way of avoiding hefty VAT (and/or other taxes) in countries outside the UK so huge savings can be made. Many people are unable to obtain car finance in other countries because they are non-resident.
	I am a tenant with a perfect credit rating. Can I get finance on a car costing £10,000?
	Sadly the days when tenants can get any finance at all are almost gone. Even those buying RHD vehicles struggle and have to pay huge rates. However if you think you really are in a very strong financial position please pick up the phone to TCA Finance, they will tell you what your chances are. Why is it so difficult? Simply because - cars move. Therefore the risk for lenders is that the car will just cross the channel and drive off into the wide blue yonder (some customers do take their vehicle abroad never to be seen again!) And without a fixed asset such as a property in the UK, lenders have no security.
	Can I get Contract Hire?
	At present, TCA Finance are not aware of any lenders currently in this market. Please contact TCA Finance if you know of one!
	Can I get finance for a Hummer?
	Many banks and Insurance companies have had bad experiences with Hummers, as many have ended up stolen to order and taken abroad. It can be difficult unless there is some other form of security, for example; charge on property, personal or company guarantees. However there are a few lenders who will lend to the right people and TCA have financed many such cars for football players and High Net Worth customers. So basically it depends on your financial strength. If you are 'sub prime' and a tenant buying a second hand hummer with high mileage you will find it impossible to get finance on the car.
	What of the future?
	Private Investors are now coming into the market place which will increase the products on offer. Some banks that ceased lending or went into administration are now back. TCA Finance are looking forward to new lenders entering the market and will be evaluating their products immediately they start providing finance in this area.