Which of Our Van Finance Options is Right for Your Business?

Vanaways
Vanaways
3rd Jul 2023
Which of Our Van Finance Options is Right for Your Business?

If you’re thinking about getting a van on finance, or purchasing a commercial van outright, it’s wise to be informed before making any kind of decision. Our simple guide to our different finance options is sure to help you find the right method of purchase for your business.

How Is Leasing Different From A Purchase?

In its simplest terms, purchasing a van outright will involve an upfront payment and the van will then belong to you. When you lease, however, you will pay monthly instalments, and depending on the type of lease, you will most probably give the van back to the leasing company at the end of your contract.

We have outlined the four main types of finance options that we offer, so you can stay informed and make the right decision for your business.

Contract Hire

Contract hire is a method of leasing where you can fund a number of vans, having maintenance and recovery included in your monthly bill. You will give the van back at the end of the contract, eliminating the stress of owning the van outright. This is great for businesses looking to keep their costs down and not have to worry about owning the vehicle.

Hire Purchase

Hire purchase is slightly different, with monthly instalments until the end of your contract, where you will own the vehicle. This is great for businesses if you are looking to avoid a costly upfront payment, and you will get to own the vehicle at the end of the contract too!

Finance Lease

A finance lease is similar to hire purchase, however, it is usually a long term van lease, and you will give back the vehicle at the end of the contract. A finance lease however, often gives an option to sell the vehicle as an agent of the leasing company, so this is good for businesses who want to avoid the large cost upfront and want to get better tax advantages. .

Purchase Outright

If you decide to purchase outright, you are at an advantage if you are looking to own the vehicle, and you won’t have to worry about monthly payments. However, the upfront costs of a van might impact your finances. Also, some vehicles depreciate in value over time so you may be losing money overall if you decide to sell the van in the future.

Van Sales UK

These are our explanations of the different finance options that we offer, but if you’re still feeling unsure about what is best for your business, head to our website to read more from a reliable van finance company.

Alternatively, for more information about our finance options, or to browse our range of vans, feel free to contact us to find out more! Our team will be happy to help you and give our expert advice.

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"

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!"

Gary Catley

Gary Catley

16 June 2025

"I've been using Vanaways for a few years now for all my company vehicles. gabby and Ji was have been very helpful and makes the whole process stress free. Highly recommend"

Paul

Paul

29 April 2025

"Overall dealings were good. Broadly speaking, response to emails could've been more timely. Joe, Snr Cust Service advisor in particular, was very good indeed. Sorted out the paperwork issues promptly. Overall, would recommend."

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."

4.9 out of 5 from 456 reviews
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