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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

   
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 445 reviews
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