Finance
Diggerbuy has partnered with Paragon Commercial Finance Ltd to offer specialist finance solutions for plant and construction equipment.
Part of Paragon Banking Group, a FTSE 250 listed company, Paragon Commercial Finance is a leading provider of finance and leasing solutions to the construction industry. With over 80 years’ combined experience of funding assets in these sectors and expert knowledge of the assets involved, they are well placed to offer the right finance package suitable for your needs.
All finance is subject to status and income and is offered by Paragon Commercial Finance Ltd. Paragon Commercial Finance Ltd does not provide finance which is regulated under the Consumer Credit Act. Paragon Commercial Finance Limited is regulated by the Financial Conduct Authority and is registered on the Financial Services Register under the firm reference number 733327. Registered in England number 07036669. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ.
Terminology
| Term | Explanation |
|---|---|
| Standard Option | Simple monthly payments |
| Standard with VAT Deferral | Simple monthly payments with deferral of VAT for 1, 2 or 3 months |
| Cash Flow Friendly | Simple monthly payments with a balloon payment at the end of the deal |
| Super Cash Flow Friendly | Simple monthly payments with both a VAT Deferral for 1,2 or 3 months and a balloon payment at the end of the deal |
| Hire Purchase | An instalment credit agreement. Once all repayments and fees are repaid the asset becomes your property |
| Balloon Payment | A final instalment to repay the balance outstanding on a credit agreement. Generally, this tends to be much larger than a regular instalment |
| Refinance | Free up the equity in your assets and put cash back in your pocket by refinancing your equipment / assets |