Buying commercial vehicles is a big investment for your business and can affect your cashflow, taxes, and other spending. You’ll need to decide how to finance your van or pickup, considering both the purchase price and ongoing costs like maintenance and running expenses. At Van World, we offer a variety of flexible options to help.
Choosing the finance method for your Minibus is easy with Van World, your options include:
Pay for your Van or Pickup in full and take ownership when you drive away. No financial liability, monthly repayments or third-party ownership. The vehicle becomes yours on day one and a capital asset for your business.
You’d like to buy the vehicle but don’t have all the funds available for an outright purchase. Hire Purchase is a great option. Pay a deposit (usually 10-20% of the vehicle cost) and then a monthly repayment over two to five years. At the end of the Hire Purchase term pay the outstanding balance on the Van or Pickup and take full ownership.
If you don’t want to own the vehicle, then contract hire may be for you. A low upfront payment followed by monthly repayments up to 5 years. The contract can include maintenance and road tax. At the end of the term hand the vehicle back, extend the term or purchase the vehicle if an option. Please note, excess mileage and wear and tear may lead to additional charges on return.
Very similar to Hire Purchase, Lease Purchase usually offers lower monthly payments but with a higher final payment (often referred to as a balloon). You can then choose to return the vehicle, purchase the vehicle by paying the balloon or return the vehicle and start a new agreement.
Car, Van and Minibus World (inc. Van World) act as an introducer for several partners who provide financial solutions. We are regulated by the Financial Conduct Authority under FRN677408 to advise on and arrange credit.
Just drop your email address below and one of our van specialists will reach out.