Finance, Part Exchange Or Lease: What’s Best For My Business?

Vanaways
Vanaways
3rd Jul 2023
Finance, Part Exchange Or Lease: What’s Best For My Business?

Securing a van for your business can make a huge difference to your daily operations. A reliable and practically sized vehicle could help make transportation and storage easier, whilst also allowing you to reach new clientele. All of this can provide a boost to your profits and support your growing company.

But it can be difficult to know which financing methods are best for you. Unless you have the money to hand, buying outright may not be a feasible option. As such, you will need to consider the alternatives, which typically consist of credit loans, part exchange deals and leasing contracts.

Read on for an insight into these different types of van purchasing options, with an overview of their benefits and drawbacks.

Finance

One of the most common methods for obtaining a van without paying upfront is to secure a finance agreement, otherwise known as a loan. This involves a credit agreement between you and the dealership which allows you to pay for the vehicle over time, in addition to paying interest on the loan. You may also be able to opt for a fleet finance package for multiple vehicles.

Advantages:

  • Fixed financial agreement, so you know what you’re paying

  • Helps you to build your credit score

  • Low monthly payments, meaning you can afford a better vehicle

Disadvantages:

  • Some loans are subject to mileage limits

  • You won’t fully own the car until all instalments have been paid

Part Exchange

If you choose to part exchange your van, then this means that the cost of your old vehicle goes towards the price of your new one. The dealer will value your old van and effectively buy it from you, discounting this total from the cost of the new van.

Advantages:

  • Quickly and easily sell your old car without hassle

  • Buy and sell your vehicles in one transaction

  • Save money directly on your new van

Disadvantages:

  • Your old van may be bought at a reduced price than if you sold it

  • The process can be complicated by finance agreements

Lease

A vehicle lease is a long-term rental agreement which allows you to pay a fixed monthly fee for your van over a set period of time. These agreements tend to include mileage limits as well as additional costs for damage caused.

Advantages:

  • Lower monthly payments than other financing methods

  • No long-term commitments to owning a vehicle

Disadvantages:

  • Potential unwanted charges for exceeding the mileage limit or causing unreasonable damage to the vehicle

  • You won’t be given the opportunity to own the vehicle, as it will be returned to the dealership at the end of your contract

Van Sales UK: Helping You To Drive Your Dream Van

At Van Sales UK, we offer a wide range of financing options to help you to access your dream vehicle, including part exchange and van lease purchase plans. Contact us today to find out more about our finance provisions.

Vanaways Reviews

   
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"

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!"

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!"

David Kenning

David Kenning

16 June 2025

"Great service right from the first contact with Reece, who then passed me onto Ash once initial sale was completed. From making payment delivery was approximately 3 days. Received text from Nathan this morning (16th June) and he was on time with delivery. Really pleased with the service I've received. Many thanks!"

4.8 out of 5 from 466 reviews
Back to top