Finance
Finance Lease explained
Finance lease is the most flexible option with minimum deposit and the benefit of full ownership.
- Rental are 100% tax deductible
- Low deposit - normally 1-3 monthly payments
- Monthly payments plus Vat - Reclaimable if vat registered
- No mileage restriction
- No condition stipulation
- Option to have a balloon payment - will bring monthly payment down by offsetting an amount to the end of the agreement
- Vehicle part exchanged or sold at the end of the agreement with the hirer retaining 99% of sale proceeds
- Secondary rental available for £10 plus vat per year
Not Vat registered? This is a great way to finance your van with a low deposit and maximum flexibility.
Hire Purchase
The traditional way to finance your new purchase.
- Low deposit - Vat only (reclaimable in full if vat registered)
- Fixed monthly payments
- Vat free monthly payments
- 100% of interest charges can be offset against taxable profits
- Ownership at the end of the agreement - once agreement is paid you can sell the vehicle and keep 100% of sale proceeds
- Repayments up to 60 months
- Easy to settle agreement early
Very popular if ownership is important and you keep the vehicle long term
Contract hire
Financing your van using contract hire is a comprehensive, fixed cost solution where the use of the commercial vehicle is important without the responsibility of ownership
- Rentals 100% tax deductible
- Complete budgetary control
- Low deposit - 1 payment upwards
- Maintenance package available - To include service, repairs, tyres and wear and tear (dependant on contract type)
- Mileage restrictions apply - Be careful!
- At the end of the contract simply hand back and start again
- Depreciation not your concern - finance provider to take risk
- Fixed monthly payments
Ideal if ownership is not your priority but low monthly payments are
Got a question? Contact us now on 0870 1299 777 or sales@vanslondon.co.uk