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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

   
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"

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"

Lisa Russell

Lisa Russell

05 August 2024

"Found these guys online and was a little bit wary to buy a new van from someone I hadn't heard of. From the off, the first phone call was professional and gave me all the information that I needed, Theo was great, helpful and I proceeded to order my new van, Paige sorted the paperwork quickly and efficiently and within 10 days I had my new van delivered! The price was very competitive and all parts of the transaction were easy and hassle free, wouldn't hesitate to recommend these guys, Thank you so much for a really good experience."

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 👍😊"

4.9 out of 5 from 442 reviews
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