Van Hire Purchase Information

Most of our vehicles are available to HP as well as lease on request. HP and Lease are actually very very similar and monthly figures can often be very similar.

VAT
Vat has to be paid upfront when you utilize this funding method. Thus this method is more popular with VAT registered customers, since they can claim this back within days or weeks. Thus the minimum deposit by definition of VAT is 15%. All monthly figures include VAT on HP or Hire Purchase

Balloons
Of our thirty plus funders only two allow balloons thus, generally the monthly figure is higher but the debt repaid more quickly. We have more lenders who offer lease than HP.

HP VS "No Balloon or Terminal Lease"
They are actually very similar, in terms of monthly payment. The main differences being how the inital deposit is treated, what happens at the end.

End of the Agreement.
The van is automatically yours

Taxation
100% of the vehicle price can be set against your profits in the first year. This makes it very unsuitable for a new start business or one that expects to make more profit in the second year and so on.