Contract Hire is a simple and effective way to fund any number of vans. Contracts range from 24 to 60 months and are tailored to your requirements with bespoke initial payments and contracted mileages available.
With small initial rentals and fixed monthly costs, Contract Hire makes budgeting simple.
You have no risk on the residual value at the end of the contract, simply hand the van back and start again. Maintenance and recovery can also be included within the agreement.
Contract Hire is a simple and cost-effective way to fund any number of vehicles, not suitable for businesses that want to own the vehicle or use them in a manner that will cause large amounts of damage.
Finance Lease is a flexible leasing option, much like Contract Hire it's based on a fixed contract period, set mileage and initial payment giving you a fixed monthly cost.
The vehicle is not returned to the funder though and needs to be sold to a third party at the end of the contract, this means there is no end of contract charges should the vehicle be damaged or over agreed mileage.
Most agreements have a final balloon payment due, this is set by the funder to be in line with the projected residual value, should the resale value be lower than the final payment due, you will be liable for the difference, should it be higher you will retain any profit.
A very popular way to lease commercial vehicles due to its flexibility and ability to negate end of contract charges associated with contract hire.
Hire Purchase is perfect for those who want to own the vehicle, the vehicle title will be transferred into your name upon completion of all contractual payments. You will be responsible for the depreciation and disposal of the vehicle.
By paying an initial payment, you have the ability to repay the balance over a number of affordable monthly payments. Once payments are completed a larger final payment can be made.
This product is often used by businesses who plan to keep the vehicle for a prolonged period or are looking to have converted.
The lender purchases the vehicle and grants you permission to use it while making payments, after which you will fully own the vehicle.
If you do not require any form of finance and are looking to simply just purchase a van outright, we can still help.
We purchase 1000s of vans a year and this gives us access to extremely competitive purchasing terms.
We also order large batches of vehicles in advance, enabling us to offer you quicker lead times or even vehicles available for immediate delivery.
For many businesses across the UK, commercial vehicles form an integral part of their day-to-day operations.
Whether you run one van or a fleet of vans, we are here to help, once you have chosen the right vehicle, how you finance it is often the next consideration. We offer numerous ways to finance your next vehicle and are more than happy to discuss which is the most suitable for you and your business.
Below is a snapshot of the most common options and a brief description of the product, please click through to see more info and please do get in touch with one of our advisors to obtain a formal quotation and discuss in more detail.
For those who are certain they want to own a vehicle, Hire Purchase is normally the best option. The vehicle title will be transferred to the owner upon completion of the contract. You are fully responsible for the depreciation and disposal of the vehicle.
It is more affordable than purchasing a van outright, as you are able to spread the cost of the van over a fixed period.
You cannot sell the vehicle or dispose of it without permission from the lender prior to having fully settled the finance agreement. This route is often used by businesses if they plan to keep the vehicle for a prolonged period or are looking to convert the vehicle.
You will pay an initial payment of between 10% to 50% of the vehicles value and the remaining balance monthly over an agreed period, usually between 24 - 60 months.
After all payments have been made, you will fully own the vehicle.
For More info on Hire Purchase
If you do not want to finance your van and have the funds available to purchase it for cash in full, then we can help.
We purchase 1000’s of vans a year so you can still benefit from our purchasing power without having to enter into a finance agreement.
For More info on Outright Purchase
Finance Lease is a flexible leasing option, much like Contract Hire it's based on a fixed contract period, set mileage and initial payment giving you a fixed monthly cost.
The vehicle is not returned to the funder though and needs to be sold to a third party at the end of the contract, this means there is no end of contract charges should the vehicle be damaged or over agreed mileage.
Most agreements have a final balloon payment due, this is set by the funder to be in line with the projected residual value, should the resale value be lower than the final payment due, you will be liable for the difference, should it be higher you will retain any profit.
A very popular way to lease commercial vehicles due to its flexibility and ability to negate end of contract charges associated with contract hire.
Stay updated on the latest van deals, exclusive offers, tips and guides. Subscribe to the Vanaways newsletter for all things van life, straight to your inbox.
Every finance type below is available on every van we sell. Not sure? The team will walk you through it in five minutes.
Contract Hire is a simple and effective way to fund any number of vans. Contracts range from 24 to 60 months and are tailored to your requirements with bespoke initial payments and contracted mileages available.
With small initial rentals and fixed monthly costs, Contract Hire makes budgeting simple.
You have no risk on the residual value at the end of the contract, simply hand the van back and start again. Maintenance and recovery can also be included within the agreement.
Contract Hire is a simple and cost-effective way to fund any number of vehicles, not suitable for businesses that want to own the vehicle or use them in a manner that will cause large amounts of damage.
The personal version of contract hire: fixed monthly rentals including VAT, no ownership at the end and no worries about depreciation. Ideal if you are buying for yourself.
Hire Purchase is perfect for those who want to own the vehicle, the vehicle title will be transferred into your name upon completion of all contractual payments. You will be responsible for the depreciation and disposal of the vehicle.
By paying an initial payment, you have the ability to repay the balance over a number of affordable monthly payments. Once payments are completed a larger final payment can be made.
This product is often used by businesses who plan to keep the vehicle for a prolonged period or are looking to have converted.
The lender purchases the vehicle and grants you permission to use it while making payments, after which you will fully own the vehicle.
Finance Lease is a flexible leasing option, much like Contract Hire it's based on a fixed contract period, set mileage and initial payment giving you a fixed monthly cost.
The vehicle is not returned to the funder though and needs to be sold to a third party at the end of the contract, this means there is no end of contract charges should the vehicle be damaged or over agreed mileage.
Most agreements have a final balloon payment due, this is set by the funder to be in line with the projected residual value, should the resale value be lower than the final payment due, you will be liable for the difference, should it be higher you will retain any profit.
A very popular way to lease commercial vehicles due to its flexibility and ability to negate end of contract charges associated with contract hire.
Any person over the age of 18, and any business can apply for finance with us. We work as a credit broker, and so acceptance is at the discretion of our carefully selected finance providers. All applications are subject to a credit check and affordability assessment.
Ordering your new van couldn’t be easier. As a paperless office you can order your van from your phone. Deposit payments are taken by card via phone or by bank transfer online, our order forms and most finance documents are e-signature.
If you have taken your van on a lease agreement or hire purchase with a balloon, the likelihood is that yes, your mileage is important. Your estimate mileage will have been used to calculate your payments based on the estimate final value of the van at the end of the lease.
Get in touch with our sales team. Whether you bought your current van from us or another dealer, we can help renew your finance agreement and get you on the road in another brand new van.
In order to secure a vehicle, we require a small holding deposit. This can be as little as £250 for a used van, or £500 for a new van. Balance payments are not due until the van is ready, our sales team will keep you up to date.
Yes, you will need to pass a credit check to be approved by our finance providers. We have a selection of finance providers in order to have a lender suitable for your credit profile.
