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

   
Lynne S

Lynne S

04 March 2026

"First time using Vansaway! I was in a bit of a panic as my van broke down and I was unable to fix it. My van is my livihood, so I looked into leasing and contract. I wish I done it sooner. I spoke to Jonathan as my first point of contact. I couldn't have got any luckier having him as my support. He was absolutely fantastic, he went above and beyond to help me. He was easy to contact and would always reply when I had any concerns or questions. His knowledge on all vehicles was impeccable, which made things easier. He listened to what I wanted and needed and explained everything thoroughly help me making the right choice in plan and kept in touch throughout the entire process! He knew I was in desperate need of a van and he did not disappoint and kept his word and I was able to get my new van delivered as soon as possible. Enjoying the drive. Its great about the perks involved in having a contract hire as well! Thank you so much for everything! Highly recommend, vans are just not how they use to be, so its great to have a brand new van along with the support of any engine faults things like that. A huge stress off my shoulders being sole trader."

Mike Collins

Mike Collins

18 February 2026

"Excellent service from start to finish. Rob was very helpful throughout the purchase of our Ford Transit tipper. Can’t recommend them enough. Mike Collins."

phoebe palmer

phoebe palmer

11 March 2026

"I recently bought a new car from this company and had a fantastic experience from start to finish. Tyler and Steve C were both brilliant to deal with – friendly, professional and incredibly helpful throughout the whole process. They took the time to answer all my questions and made everything straightforward and stress-free. The customer service was excellent and I never felt pressured at any point. Both Tyler and Steve C really went above and beyond to make sure everything was sorted and that I was happy with the car. I couldn’t recommend them enough and would definitely buy from them again in the future. Thanks again for such a great experience!"

David Hobson

David Hobson

31 March 2026

"Needed a van and fast...Vanaways sorted it from initial enquiry with Rob Upjohn to delivery with great communication along the way. Extremely efficient and great to deal with. Sophie contacted me immediately after delivery to make sure all went smoothly and that we were happy with the delivery etc. Recommended 100%"

4.8 out of 5 from 498 reviews
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