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Contract Hire

Advantages

  • With a fixed monthly cost, contract hire makes budgeting easy. 
  • Flexible initial payments mean small initial outlay.
  • Low risk as it removes the uncertainty surrounding the future value.
  • If you’re VAT registered you can claim back 50% of the finance element and 100% on the service element.
  • Ability to run brand new vehicles, reducing potential issues and downtime.
  • Reduced fleet administration.

Disadvantages

  • The contract is for a fixed period; it can be expensive to terminate (usually 50% of the remaining rentals).
  • There is no option for the company to own the vehicle.
  • Based on a pre-determined annual mileage, going over mileage will mean you are charged an excess mileage charge. You are however able to change your contract should your circumstances change.
  • You must look after the vehicle and return it in a well maintained condition otherwise you will be charged for any damage over and above that stated in the ‘Fair Wear and Tear Guide’

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 bespoke initial payments and contracted mileages available.

With small initial rentals and fixed monthly costs, Contract Hire makes budgeting simple.

You have no risk on the residual value at the end of the contract, simply hand the van back and start again. Maintenance and recovery can also be included within the agreement.

Contract Hire is a simple and cost-effective way to fund any number of vehicles, not suitable for businesses that want to own the vehicle or use them in a manner that will cause large amounts of damage.

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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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