Owning a van is an essential part of everyday life for many businesses. Whether you have a pickup for the weekend or run a fleet of vans for your business, there are plenty of cheap van finance deals available. And with finance rates at an all time low it’s a great time to buy a van on finance.
There are many van finance options available, and it’s a minefield for you to know what is best. As van finance experts, our sales team here to guide you through the buying process.
Below is a snapshot of the options available to give you a better understanding. However, it’s always best to discuss your requirements with us. We can make sure you’re getting the right deal, and more importantly the best deal possible.
Contract Hire is a simple and effective way to fund any number of vans. Contracts range from 24 to 60 months and are tailored to your requirements.
With small initial rentals and fixed monthly costs, Contract Hire makes budgeting more simple. Also, you have no risk of residual values at the end as you hand the van back. Additionally, maintenance and recovery can be included in the monthly rental. In turn, this eliminates most of the stress and financial risks of van ownership.
We know there may be downsides to Contract Hire being your best finance route. More information is available online below, and we are on hand to help. Get in touch to discuss your requirements and our van finance deals.
Finance Lease is a flexible lease option with no mileage limits or damage recharges. For a registered company that wants to handle your own vehicle administration, Finance Lease could be perfect for you. Another advantage is the asset is shown on your company balance sheet.
Also, Finance Lease is a VAT-beneficial option. You can pay the entire van cost over the agreed lease period, plus interest charges. Alternatively, you can pay lower monthly rentals during the lease period with the additional of a final balloon payment. The balloon payment is based on your expected resale value of the van.
There are more advantages to Finance Lease, as well as some disadvantages. More information is available at the link below, and we are on hand to help. As always, get in touch to discuss your requirements and find out about our latest cheap van finance deals.
Hire Purchase is a great finance option for ownership, available for both private individuals and businesses. It’s really easy, when all payments have been made you will take ownership of the vehicle.
Usually the full cost of the vehicle will be financed. However, part of the cost can be deferred to a balloon payment. Bear in mind, this option is only available to business users. In this case, you will have lower monthly payments with a final payment. Then, the balloon payment is agreed based on the expected resale value of the van.
By using Hire Purchase when buying a van, your business capital is not tied up in a depreciating asset. And with finance rates at an all time low, there are plenty of cheap finance deals available. Contact our team to discuss this finance option and take advantage of our cheap van finance deals.
Not looking to finance? No problem, you can Outright Purchase some of our vans.
Outright Purchase is the easiest way to buy your next van. You pay the cash price in full, which saves you paying additional interest. However, from a taxation point of view, you can only claim back the write down allowances.