Finance Types
From hire purchase to finance lease, there are multiple options available to you for van financing. Find out more about your options or speak to our team today to find out more.
Hire purchase with balloon payment
You pay a deposit, the actual amount of which is negotiable, but by choosing to make a balloon payment at the end of the agreement, you actually reduce the amount you pay monthly.Hire purchase
You pay a deposit, the actual amount of which is negotiable, with the remaining costs plus any interest charges being repaid in regular monthly instalments.Finance lease
Your asset is hired to you for a fixed period without the option of ownership.Payments cover both the initial cost of the asset and the finance charges. At the end of the contract, the proceeds from the sale of the asset, less a small fee, are returned to you.
Operating lease / Contract hire
Your vehicle is hired to you for a fixed period. Monthly payments based on the difference between the price of the asset at the start of the arrangement and the projected residual value plus any finance charges.
Thus only a proportion of the value is being repaid which avoids any large initial outlay and reduces the average monthly payment.
Variable hire purchase
This is a highly flexible product based on hire purchase, but more adaptable to your changing needs.
You can pay in any amount up to the outstanding balance. Monthly payments are recalculated, based on the new balance; you can then arrange to make any additional payments you wish.