What Finance Options Are Available For Electric Vans?
When you’re looking for an electric van at a great deal, you need to consider what is the best option for how to buy it. While the most straightforward is usually to buy the vehicle outright, that is not always the most feasible option for people. This is where finance options can help.
So read on to find out what finance options are available for electric vans.
What is Finance?
Finance is a way of buying or renting a vehicle without paying it all outright. You do this by entering into a credit agreement with a lender. This will allow you to pay for the car over a period of time, usually with monthly payments. The loan balance usually has interest payable on it, but you get the benefit of not having to pay a high price for a car all at once.
Finance Lease
Finance Lease is a way to buy a car with no mileage limits or damage recharges. It’s a VAT beneficial option, allowing you to pay the entire van cost over the agreed lease period, plus interest charges. You can also pay lower monthly rentals with the addition of a final balloon payment that depends on your expected resale value of the van.
Hire Purchase
Hire Purchase is a finance option that finances the full cost of the vehicle, and then once you have made all the payments you take membership of the van. This makes sure your business capital is not tied up in a depreciating asset.
Contract Hire
Contract Hire is a simple way to fund vans with finance. You can get contracts that range from around 24 months to around 60 months. You make small initial rentals and fixed monthly costs and the risk of no residual values. Maintenance and recovery are often included, taking the stress out of van ownership.
Van Finance From Van Sales UK
If you’re looking to finance an electric van for your business, get in touch with the team at Van Sales UK. We have a massive range of electric vans, both used and new, for you to buy on finance from us. Electric vans are a great way to have a smooth driving performance, low running costs and reduce your impact on the environment.
We offer flexible lease options with no mileage limits or damage recharges. It’s perfect for companies using vans for commercial purposes, spreading out the cost over an agreed upon lease period. The benefits are a fixed interest rate and minimal capital expenditure.
So get in touch today on 0117 428 7721 to find out more about our leasing, finance and part exchange options for electric vans. We have a great selection of new and used electric vans, so visit our website now to view our selection of vehicles.
