VAN FINANCE: WAYS TO PAY
There are a few different ways to fund your new vehicle. Below you will find an overview of each product and a finance comparator to help you with your decision. If you need any help or further information, please feel free to get in touch.
Vehicle Ownership Vehicle Age End Of Agreement Options Early Renewal Balloon Option Available Optional Servicing Package(s) Optional Maintenance Package Road Fund Licence VAT Off Balance Sheet Funding Taxation Agreement Term NO NEW Secondary Hiring Period Part exchange Sell vehicle YES YES YES NO Included for the first year Paid on deposit, monthly payments and balloon payment. NO 100% Tax allowable 24-60 months YES NEW & USED Keep the vehicle Part exchange Sell vehicle YES YES YES NO Included for the first year Usually paid as part of deposit. No VAT on monthly payments NO Write down allowances may be available and interest costs offset 12-60 months NO NEW Return vehicle to lessor NO NO YES YES Included for agreement duration Paid on deposit and monthly payments. YES 100% Tax allowable 24-60 months Fixed Monthly Payments YES YES YES FINANCE LEASE HIRE PURCHASE CONTRACT HIRE
*Individual circumstances vary. You should always seek professional advice when acquiring a new vehicle.