Hire Purchase

Advantages

  • Fixed monthly cost.
  • Full ownership of the vehicle once all payments are made.
  • Flexible contract period options.
  • Ability to have a large final payment to keep monthly payments lower.
  • Low initial payment options

Disadvantages

  • You are fully responsible for the resale of the vehicle and any potential risk on the residual.
  • No ability to return the vehicle.

Hire Purchase is perfect for those who want to own the vehicle, the vehicle title will be transferred into your name upon completion of all contractual payments. You will be responsible for the depreciation and disposal of the vehicle. 

By paying an initial payment, you have the ability to repay the balance over a number of affordable monthly payments. Once payments are completed a larger final payment can be made.   

This product is often used by businesses who plan to keep the vehicle for a prolonged period or are looking to have converted.

The lender purchases the vehicle and grants you permission to use it while making payments, after which you will fully own the vehicle.

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Vanaways Reviews

   
Sarah Ward

Sarah Ward

01 September 2025

"We have used Vanaways on two occasions now and the customer service has always been great. I contacted them as our team grew and withing 2 weeks we had the vans in our yard. Quick and efficient service all round. Tyler in the delivery department kept me up to date throughout the process. Would certainly recommend."

Michael Orimogunje

Michael Orimogunje

03 October 2025

"Vanaways is really great, from contacting them up to the delivery can't be smoother than it was. These guys are professionals and I believe the best in the industry. Thanks to Philip Jones, Ross Davies, Jihad Khan and one or two individuals I had contact with throughout the process. I recommend Vanaways and will use them again."

Charlie B

Charlie B

28 May 2025

"I recently bought a new Ranger Platinum from Vanaways. I dealt with Chris Baxter who helped make the whole process really straight forward and kept me up to date. I would highly recommend and look forward to further business! Many thanks"

Kimberley Harkins

Kimberley Harkins

30 June 2025

"Very happy with our Vanaways transaction! We needed three new vans quickly for our company and Vanaways didn't disappoint. Hannah and Abbie were on hand every step of the way and provided extremely good prices which suited our business. Customer service is a priority for them and it shows with every phone call and email! When I need a few more, they will be my first port of call. Thankyou guys!"

Ross Adams

Ross Adams

21 August 2025

"These guys are brilliant, in particular Steve-Who Is a massive top geezer, they were helpful from start to finish. Informative, clear, very friendly, and clearly really knowledgeable. They spoke through the process perfectly, I would recommend these guys to anyone!"

4.8 out of 5 from 469 reviews
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