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Van Finance Options Explained

Vanaways
Vanaways
29th Jun 2022
Van Finance Options Explained

Having your own van is a crucial asset for many business owners and tradesmen. No matter the size or scale of your business, a commercial vehicle is invaluable in the efficient running and growth of a business.

However, at Van Sales UK, we understand that buying a van upfront can be a huge financial commitment and isn’t always possible. Fortunately, there are multiple finance options to choose from when selecting a van.

As navigating the world of finance options can be difficult, here’s a quick guide explaining the different variations.

Contract Hire

The first and most common method of finance offered is contract hire. Put simply, contract hire is a long term rental agreement which involves paying a set monthly fee over a course of 24 to 60 months.

There are a number of advantages to using contract hire as opposed to full ownership. For example, breakdown cover, maintenance and servicing can be included in the monthly costs. This is a great option for those needing to lease a van with a fixed cost to improve budgeting.

The downside to this form of rental is the rigidity of the contract that the renter is tied into., meaning there is no option to purchase the vehicle and it is returned at the end of the rental period.

Finance Lease

Compared to contract hire, Finance Leases are a much more flexible lease option. This option is favoured among businesses needing vans, cars and other commercial vehicles where contract hire is not a viable option.

Essentially, by using a finance lease a company is able to hire a car for a period of time, paying monthly fees for its rental, before selling the vehicle to a third party at the end of the contract.

One of the main benefits of a finance lease is that businesses are able to handle their own vehicle administration, display the assets on their balance sheet and receive corporation tax relief.

Hire Purchase

The third finance option available through Van Sales UK is known as hire purchase. This option is a brilliant choice for commercial businesses and individuals. The premise of hire purchase is simple; an individual makes regular monthly payments for the rental of the van or the vehicle and, when the payments and final ‘balloon payment’ have been made, the van belongs to the customer.

These types of flexible financial contracts are perfect for individuals and businesses wanting to purchase a van over a period of time, while still being able to use the vehicle.

Van Finance Through Van Sales UK

If you are a business owner or individual looking to purchase or lease a van using one of our finance options, get in touch. Our expert team are always happy to help and can guide you through the different options available to find the best fit for your business.

What’s more, Van Sales UK uses a simple online finance application process which makes it quick and easy to reach a decision.

To discuss financing and ask any questions, call us today on 0117 428 7721 or send an email to sales@vansalesuk.co.uk

Vanaways Reviews

   
Mark Carter

Mark Carter

01 April 2025

"First class service, I must mention Adrian & Ash on an excellent deal & swift turn around under the short notice I had to buying a new van. Slight delay in the delivery of the van from manufacturers end but Adrian agreed to cover the cost of a hire van until my new van was delivered which allowed me to continue working. its the first time i've purchased a van without physically entering a dealership and i wouldn't hesitate to do it again."

Jackie Lee

Jackie Lee

28 March 2025

"Excellent service from start to finish. Jake Wheelock was professional, efficient and really genuinely helpful. Had my truck in less than 2 weeks. Great communication and reliable. Would highly recommend!"

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"

Rob De-Ath

Rob De-Ath

18 June 2024

"Purchased my new ford platinum and Theo brown’s help was 1st class . Quickly responding to all emails and calls answering anything I needed to know to help get my deal over the line . Thank you again Theo I be back in touch at Christmas with my next order 👍😊"

Jessica Allard

Jessica Allard

11 March 2025

"From start to finish Morgan and the team have been fantastic in sorting 2 new defenders out for us from the quote 3 weeks ago to them being delivered they have been brilliant the deal they got us was unbeatable thank you Lewis @ steve Allard and son stonemasons"

4.9 out of 5 from 446 reviews
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