What's the best way to finance a new van?
Finance Lease
Great for those wanting to change vans every few years with low upfront costs, affordable payments, no excess mileage or damage charges and the ability to fund your next van from the equity in current one.
We've found finance lease is the most popular with single and small fleet businesses.
Lower initial costs and manageable monthly payments, with the opportunity to cycle vehicles every few years - using equity from their existing van to stay in a modern, reliable van with the latest manufacturer warranty and technology.
Different to contract hire, the van isn't returned to the funder - so you avoid hefty damage and excess miles charges.
At the end of the term, you can extend, purchase the van, or sell it to a third party.
Equity from the sale is yours to keep and can be used as the deposit on your next vehicle.
We recommend a 5-10% initial rental and an accurate expected annual mileage, with these many customers can upgrade to a newer van after just a few years.
Hire Purchase
Preferred by those looking for long term ownership or offset against a tax bill. Pay a minimum 20% VAT deposit upfront and reclaim in one lump sum if registered. Once the final payment is made, you own the vehicle outright.
Outright Purchase
Maximise your long-term value. By purchasing your commercial vehicle upfront, you'll avoid interest charges and capitalise on your asset immediately.
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