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."

John Owens

John Owens

17 October 2025

"Fantastic service from start to finish. Liam took the time to listen to the vehicle that I wanted. Within 2 weeks the right vehicle was sourced and delivered Joe was on point with work out the logistics and taking care of my part ex with exception customer service Thank you both"

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"

Stal

Stal

31 October 2025

"Staff here are so courteous & helpful, genuine in how they talk rather than that dreaded ‘business speak’. Reception and offices are modern & relaxing to be in, very cool music in background too! Some place just give you the basics - but I found Vanaways completely charming throughout, really appreciated thank you."

4.8 out of 5 from 473 reviews
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