TFG 2019 Award Nominations Now Open! Enter here

Motor Vehicle and Car Finance (SIC 29100)

Vehicles and Car Finance for Businesses in the Automotive Sector

Trade Finance Global / Finance Products / Motor Vehicle and Car Finance (SIC 29100)

What is Motor Vehicle and Car Finance?

We have many years of experience in financing vehicles and have a detailed understanding of the issues facing the industry. We aim to assist in creating financing solutions that are tailored to meet the specific needs of the sector, whether you are a large-scale operator or a sole trader.

Motor Vehicle and Car Finance

Vehicle finance is available for most types of transport and our dedicated specialists will work with you to find a funding arrangement that suits your specific needs.

Types of Vehicles

Key vehicles include

  • New and used cars
  • Vans
  • Lorries
  • Trucks
  • Bicycles
  • Motorcycles
  • Boats
  • Tractors
  • Taxis
  • Jeeps
Vehicle Finance Requirements
  •  You or your business is looking for £50k+ trade finance
  •  You want to purchase products/ buyers
  •  You are creditworthy
How the transaction works

If you want to buy stock and trade internationally, the exporter would typically want to be paid up front by the importer. The bank would issue a Letter of Credit, which guarantees this payment to the exporter upon receipt of documentary proof that the goods have been shipped. This is then repaid once the importer has paid for the goods, which could be anything between 30-180 days later.

What is the SIC Code for Motor Vehicle and Car Finance ?

The SIC Code is 29100 (Manufacture of motor vehicles)

Other SIC Codes that could also be used are:

  • 45111    Sale of new cars and light motor vehicles
  • 45112   Sale of used cars and light motor vehicles
  • 45190  Sale of other motor vehicles
  • 45200  Maintenance and repair of motor vehicles
  • 45310  Wholesale trade of motor vehicle parts and accessories
  • 45320  Retail trade of motor vehicle parts and accessories
  • 45400  Sale, maintenance and repair of motorcycles and related parts and accessories

Case Study

Car Seller

A limited company based in Lancaster that buys and sells cars from UK and European dealers. The client required payments to be made to its supplier against confirmed orders. Trade Finance Global assisted with creating an import facility and expects to support the business further as it grows.


Get in touch with our finance experts. Enquire now.

First Name*

Last Name*

Your Organisation*

How much trade finance are you seeking?*

Your Email*

Telephone Number*

Briefly, what type of stock or trade are you looking to finance?

(Marketing Terms can be found here)

First Name*

Last Name*

Your Organisation*

How much trade finance are you seeking?*

Your Email*

Telephone Number*

Briefly, what type of stock or trade are you looking to finance?

(Marketing Terms can be found here)

Benefits

  •  No security or personal guarantee required
  •  Vehicle finance available even if the banks refuse finance
  •  Our partners find you solutions to increase trade
  •  Fast turnaround – get vehicle finance in 24 hours

What is Stock Finance?

Download our Trade and Invoice Finance Guides:

Back to Top