CHINESE brand Great Wall is offering its new Steed pick-up to businesses for a deposit of £1.

Thanks to a fresh finance offer the entry level £13,998 S version of the 4x4 double-cab can be secured for £1, followed by 59 monthly payments of £285.06 and a final payment of £424.06.

The plan is available for business users only, through all 45 dealerships in the Great Wall dealer network, and continues until the end of September.

Great Wall claims the Steed to be both the most affordable 4x4 double-cab pick-up to buy and also the most economical to run.

It is powered by a 2.0-litre turbodiesel engine delivering a Combined 34 miles per gallon and low insurance ratings of 7A for the Steed S and 8A for the range-topping SE.

Steed chief Paul Hegarty said: "In the current economic climate, paying out thousands for a deposit on a new vehicle sometimes just isn't possible, particularly for small businesses.

"Our £1 deposit finance offer allows businesses who don't want to make a large initial investment to still drive away in a brand new Steed."

The pick-up has an on-demand four-wheel drive system, a maximum payload of 1,050kg  and towing capability of 2,000kg with a braked trailer and 750kg unbraked.

All dealers for the new brand have committed to the ‘Great Wall Promise' which includes inflation-proof servicing plans and free service pick-up and drop-off. All Steeds come with a three-year / 60,000-mile warranty.