Van Finance Options
Tailored Plans To Suit All Needs
We understand choosing between van finance options can be daunting. So we’ve set out two simple options so you can weigh them up at a glance and decide what’s best for your circumstances. We want to offer you maximum flexibility, and we’re sure we’ll have the right package for you. Combine with our range of van maintenance and servicing packages for stress-free fleet management.
Our FCA-accredited team of finance experts are on hand to tell you more about our finance options.
Our Van Finance Options At A Glance
Finance Lease
- Renew your van every 3-5 years
- Fixed monthly repayments
- Lower typical upfront cost
Finance Lease
Ideal if you change your vans every few years.
Finance Lease Explained
Our finance lease option provides you with maximum flexibility. You can take advantage of the equity built up in the vehicle while paying a minimal deposit.
Thanks to the flexibility offered by a finance lease, your deposit can be worked out depending on your budget. Rather than on the initial cost of your new vehicle, VAT is charged on the deposit and monthly payments. This option is ideal for companies to manage the administration and depreciation of the vehicle.
Combine with our range of van maintenance and servicing packages for stress-free fleet management.
Advantages Of Finance Lease
- Fixed monthly payments
- Lower deposit
- Balloon payment options offer lower monthly repayments
- Flexible repayment periods - from 24 to 60 months
- Monthly payments can be offset against taxable profits
- Payments can be offset against taxable profits
How It Works
Step 1:
Choose a deposit amount that works for you – or take advantage of our £0 deposit options. You can also add a balloon payment based on your annual mileage to reduce your monthly payments.
Step 2:
Choose your repayment period, from 24 to 60 months. These payments will be +VAT, but you can offset them against any taxable profits.
Step 3:
At the end , you can either pay the balloon payment (if applicable) and keep your van under a peppercorn rental, sell it and settle the remaining balance, or part-exchange it for a brand new one. When selling the van, you receive 97.5% of the sales proceeds, and the lender receives 2.5%.
Hire Purchase
Ideal if you want to own your van outright at the end.
Hire Purchase Explained
If you’re looking for a simple finance package that gives you the option to own your new van while making fixed monthly payments in the process, hire purchase is perfect for you.
Your hire purchase package will involve an upfront deposit followed by fixed monthly payments. Unlike other finance packages, you have the opportunity to purchase the vehicle at the end of your agreement.
There are no mileage restrictions with a hire purchase agreement, however, you are responsible for the vehicle servicing and maintenance.
Advantages Of Hire Purchase
- Fixed monthly payments
- Ownership of the vehicle at the end of the term
- Fixed interest rate
- Flexible repayment periods - from 24 to 60 months
- VAT-free monthly payments (VAT paid upfront)
How It Works:
Step 1
Once your application is approved, you’ll pay a deposit that is normally full VAT plus 10% of the vehicle value. However, you can choose to pay more to reduce your monthly payments.
Step 2
Spread the cost of the remaining balance, with terms ranging from 24 to 60 months.
Step 3
After paying a small option to purchase fee at the end of the agreement, the vehicle is 100% yours.
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Vantastec Limited is a credit broker, not a lender. All finance agreements are subject to the terms and conditions outlined by the lender and application approval.
What's Next?
submit a finance application today
Once you’ve decided which van finance option is best for your business, the next step is to submit a finance application.
Simply click the button below to fill out our application form and we’ll forward your details to our network of finance brokers who’ll help get you the best deal.
Any Questions?
Finance subject to status. Terms and conditions apply. Vantastec Limited is a finance broker, not a lender.
