Our Hire Purchase package is all about simplicity. If you prefer to own the van at end of your agreement, then Hire Purchase is most definitely the best option for you.
After paying a deposit, you simply hire the vehicle until your final monthly payment – which point you acquire ownership of the van.
There are no mileage or damage restrictions with a Hire Purchase agreement; however you are responsible for the vehicle’s servicing and maintenance.
The Hire purchase package is split as follows:
Deposit: Usually the full VAT (20%) of the vehicle’s value, although you can choose to pay more to reduce your monthly payments.
Fixed monthly payments: Choose your repayment term, from 2 to 5 years.
Capital cost of van can be written-down utilising the standard writing-down allowances, unless using the Annual Investment Allowance (AIA). Finance subject to company status.
Our van leasing is all about flexibility. If you want flexible rental terms, the freedom to fix the monthly costs or change vehicle every few years, then consider a Van Leasing package.
The Van Leasing package is split as follows:
Deposit: Minimum of 3 monthly rentals in advance. Usually about 20% of the vehicle’s value, although you can choose what to pay to adjust your monthly rentals.
Fixed monthly rentals: Choose your rental term, from 2 to 5 years.
Final balloon rental option: Paid off by the sale of the van. (Residual value is priced at an average mileage of 20,000 per year. Finance subject to company status.)
Our rentals are always calculated using a balloon value based on 20k miles pa.
Our Contract Hire package is all about convenience. If you want to avoid servicing, maintenance and depreciation costs then consider hiring a vehicle rather than owning it.
You make fixed monthly rentals for the duration of the rental contract and return the vehicle in a good state of repair at the end of the agreement.
The Contract hire package is split as follows:
Deposit: Split over a minimum of 3-13 monthly rentals, after which your monthly rental will decrease.
Monthly rentals: Choose your rental period, from 2 to 5 years.
Mileage and use restrictions apply. Finance subject to company status.