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Finance

Contract Hire

Contract Hire is ultimately a long-term rental agreement, normally over a period of between 24 - 60 months. This is based on a predetermined contracted mileage, you can also choose to include a full maintenance package at a fixed additional monthly cost.  

With the option of small initial rentals and a fixed monthly cost, Contract Hire offers manageable monthly payment to suit your business. Also, there is no residual value risk, you simply hand the vehicle back at the end of the contract.**

Contract Hire is not suitable for businesses that want to own the vehicle or that use them in certain industries that attract high levels of damage.

For More info on Contract Hire

For more information on end of contract charges please see our Fair Wear & Tear Guide

**Exceeding the agreed mileage and/or returning with damage outside of the BVRLA Fair Wear & Tear guidelines can incur end of contract costs.

 

Finance Lease

Finance Lease is a flexible leasing option, much like Contract Hire it's based on a fixed contract period, set mileage and initial payment giving you a fixed monthly cost.

The vehicle is not returned to the funder though and needs to be sold to a third party at the end of the contract, this means there is no end of contract charges should the vehicle be damaged or over agreed mileage.

Most agreements have a final balloon payment due, this is set by the funder to be in line with the projected residual value, should the resale value be lower than the final payment due, you will be liable for the difference, should it be higher you will retain any profit.

A very popular way to lease commercial vehicles due to its flexibility and ability to negate end of contract charges associated with contract hire.

For many businesses across the UK, commercial vehicles form an integral part of their day-to-day operations. 

Whether you run one van or a fleet of vans, we are here to help, once you have chosen the right vehicle, how you finance it is often the next consideration. We offer numerous ways to finance your next vehicle and are more than happy to discuss which is the most suitable for you and your business. 

Below is a snapshot of the most common options and a brief description of the product, please click through to see more info and please do get in touch with one of our advisors to obtain a formal quotation and discuss in more detail. 

Hire Purchase

For those who are certain they want to own a vehicle, Hire Purchase is normally the best option. The vehicle title will be transferred to the owner upon completion of the contract. You are fully responsible for the depreciation and disposal of the vehicle. 

It is more affordable than purchasing a van outright, as you are able to spread the cost of the van over a fixed period. 

You cannot sell the vehicle or dispose of it without permission from the lender prior to having fully settled the finance agreement. This route is often used by businesses if they plan to keep the vehicle for a prolonged period or are looking to convert the vehicle. 

You will pay an initial payment of between 10% to 50% of the vehicles value and the remaining balance monthly over an agreed period, usually between 24 - 60 months. 

After all payments have been made, you will fully own the vehicle. 

For More info on Hire Purchase

Outright Purchase

If you do not want to finance your van and have the funds available to purchase it for cash in full, then we can help.

We purchase 1000’s of vans a year so you can still benefit from our purchasing power without having to enter into a finance agreement.

For More info on Outright Purchase

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With hundreds of brand-new fuel-powered and electric vans in stock, you'll have plenty of options to choose from our range of every make and model.

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Vanaways Reviews

   
Zoe Batchelor

Zoe Batchelor

17 January 2025

"Love the van, Perfect as the spec I ordered, Saving up for the next one, thank you Adrian and Team, Boyd Batchelor, Tillage Nurseries"

Lisa Russell

Lisa Russell

05 August 2024

"Found these guys online and was a little bit wary to buy a new van from someone I hadn't heard of. From the off, the first phone call was professional and gave me all the information that I needed, Theo was great, helpful and I proceeded to order my new van, Paige sorted the paperwork quickly and efficiently and within 10 days I had my new van delivered! The price was very competitive and all parts of the transaction were easy and hassle free, wouldn't hesitate to recommend these guys, Thank you so much for a really good experience."

Yusuf U. Gadzama

Yusuf U. Gadzama

20 August 2024

"I was looking for a good deal on a van online and then came across Van away, at first I was a bit sceptical but later went ahead and bought a Peugeot boxer on an unbeatable price online. The sell team were fantastic all the way and very helpful to say the least. I will highly recommend Van away to anybody that's looking for a van of any kind. Thanks Van Away for your first class service and I will be looking forward to a future deal."

Clare Wood

Clare Wood

19 November 2024

"Just purchased a 2nd van through Vanaways to add to our company fleet. Steve Catley was helpful, communicative and informative all the way through the process. We would definitely use Vanaways again, and would not hesitate to recommend them."

Jay Pee Ay

Jay Pee Ay

05 December 2024

"Paige was outstanding in her responsiveness to what presented as a serious problem for our company. The finance company used by her company caused unnecessary and significant delays in the delivery of our van - the pain of which was mitigated somewhat by Paige's proactive communication, informative and realistic communication and very professional demeanour. I'd recommend her and she meant our view of Vanaways was overall positive."

4.9 out of 5 from 441 reviews

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