Whether you're a one-man band or running a growing team, your van isn’t just transport — it’s your mobile workshop, your brand on the road, and a key part of your livelihood.
At Premier Commercial Vehicles, we specialise in helping tradespeople — builders, electricians, plumbers, carpenters, and more — find the right van buying or leasing option to suit their business needs and budget.
But what’s the best route for you? Let’s break it down...
1. Outright Purchase – Total Ownership, Total Cost
Best for: Established businesses with strong cashflow
Not ideal if: You want to keep capital free or change vans regularly
Buying your van outright gives you full control and ownership from day one. It’s simple — no monthly payments, no finance contracts.
Pros:
- You own the van 100%
- No finance interest or mileage limits
- Freedom to sell or modify whenever you like
Cons:
- High upfront cost
- Depreciation hits your books
- Ties up working capital
2. Hire Purchase (HP) – Own the Van, Spread the Cost
Best for: Tradesmen who want ownership but need to manage cashflow
Not ideal if: You want to upgrade vehicles frequently With HP, you pay a deposit (often 10%) and then fixed monthly payments until the end of the agreement. Once the final payment is made, the van’s yours.
Pros:
- You own the van at the end
- Predictable monthly costs
- No mileage restrictions
Cons:
- Higher payments than some lease options
- You're responsible for maintenance
- Van value still depreciates
3. Finance Lease – Max Flexibility, No Ownership
Best for: Businesses that want flexibility and lower upfront costs
Not ideal if: You want to eventually own the van A finance lease lets you use the van for an agreed term, with regular payments and a final balloon payment. You don't own the van, but you may be able to sell it at the end and keep a portion of the sale proceeds (depending on your agreement).
Pros:
- Low deposit and fixed payments
- Tax-efficient for VAT-registered businesses
- Upgrade options at end of term
Cons:
- No ownership
- You handle maintenance and insurance
- Final balloon payment may apply
4. Contract Hire (Operating Lease) – Hassle-Free Driving
Best for: Businesses that want convenience and regular upgrades
Not ideal if: You clock up high mileage or want to customise your van Contract Hire is essentially long-term rental. You return the van at the end — no balloon payment, no resale hassle. Perfect for keeping your fleet fresh and your costs predictable.
Pros:
- Fixed monthly cost
- Optional servicing and maintenance included
- Easy to change vans every few years
Cons:
- Mileage and condition charges may apply
- No option to buy
- Limited ability to customise
📍Serving Trades Across the UK
Whether you're based in South Wales, the Midlands, or beyond, we work with tradesmen and business owners across the UK to help them drive away in the right van, on the right terms.
Browse our latest van offers or van finance deals to see what’s currently available.
Frequently Asked Questions
What’s the best van buying option for a self-employed builder?
Hire Purchase is often ideal — you can spread the cost and own the van at the end. Finance Lease is a strong alternative if you'd prefer lower monthly payments and don’t need to own the van.
Is it better to lease or buy a van for my plumbing business?
Leasing offers more flexibility and lower upfront costs, especially if you want to upgrade every few years. Buying (via HP or outright) makes sense if you plan to keep the van long-term.
Can I get a van on finance with poor credit?
We work with a range of finance partners and may still be able to help. Give us a call to discuss your options — every case is different.
Ready to Make a Move?
At Premier Commercial Vehicles, we take the time to understand your business, your budget, and your trade — whether you’re a sole trader or running a growing team.
Let’s find the right van and the right finance plan for you.
📞 Call us on 01656 808 444
📧 Email us at [email protected]