FINANCE


Best Van Deals is one of the country’s leading providers of transparent, honest and competitively priced commercial vehicle and van finance.

We are able to supply our customers with a wide range of financing options including hire purchase, contract hire and finance lease agreements.

Should you have any questions regarding the perfect van finance package to suit your individual budget, needs and lifestyle, we are able to provide reliable, trustworthy and valuable recommendations regarding the whole range of commercial vehicle and van finance options available from Best Van Deals.

Please don’t hesitate to get in touch should you wish to discuss the special deals and options available to you.

Unsure which finance product is right for your van purchase? Use our decision tree and features and benefits table to help you find the one best suited to your business needs.

 

Product Features Hire Purchase Contract Hire Finance Lease
Eventual vehicle ownership? Yes No No
Vehicle Age New and used vehicles
(Age limits apply)		 New and used vehicles
up to 12 honths old		 New and used vehicles
up to 12 months old
Finance Term 12 to 60 months ( maximum term 48 months
for Hire Purchase with balloon option )		 Any term, 24 to 60 months Any term, 24 to 60 months
Deposit/Initial Rental required Zero deposit available
(VAT normally paid up front)		 Minimum one month's rental.
Typically 3 months rental		 Minimum one month's rental.
Typically 3 months rental
Fixed monthly payments/rentals Yes Yes Yes
No responsibility for vehicle disposal No Yes Vehicle sold or lessors behalf. 100% of the Sales Proceeds are returned to lessee (% depends on finance co chosen)
Flexible end of contact options Renew/Retain Renew/Return/Extend Renew/Return/Resale
Balloon optioin available Yes No No
Optional maintenance package Service Packages available Available at additional cost Service Packages available
Road Fund Licence Included for the first year Included for the duration of agreement Included for the first year
VAT on monthly rentals No VAT on payments but VAT on vehicle may be fully recoverable VAT registered business may be able to reclaim all of the VAT element of the monthly rental. VAT registered business may be able to reclaim all of the VAT element of the monthly rental.
Off Balance Sheet funding No Yes No

Taxation

(customer is advised to seek advice from specialist )

 Writing down allowances may be available. Interest cost may also be offset Tax allowable rentals Rentals allowable against taxable profit

You should always seek independent professional advice in relation to taxation and VAT issues. Restictions apply.

 

Contract Hire

 

Customer Benefits

  • Minimal capital outlay - typically three months
  • Fixed repayments to assist cash flow and budgeting
  • Rentals are tax allowable
  • Additional credit line for your business
  • No part exchange or disposal issues - the vehicle is returned at the end of the agreement
  • Road Fund Licence is included for the duration of the agreement
  • Optional maintenance and servicing packages available (at additional cost)

 

How It Works

 

Basically, Contract Hire is a fixed operating lease. You simply make an initial payment followed by fixed monthly rentals for the duration of the agreement.

  • Select the vehicle you require
  • Choose the hire period thats right for you and your business
  • Choose your maintenance option
  • Choose your annual mileage

 

Hire Purchase

 

Customer Benefits

  • Traditional form of vehicle financing
  • Interest rate fixed for the duration of the finance
  • Regular fixed payments to suit your business needs
  • A choice of repayment periods and deposit levels
  • At the end of the agreement assuming all ayments have been amde, your business owns the vehicle
  • As owners of the vehicle, your business retails any profit from the sale of the vehicle
  • You can reduce your monthly payment by choosing to have a balloon at the end of the agreement

 

Finance Lease

 

Customer Benefits

  • Minimal capital outlay - usually three monthly rentals
  • Fixed repayments to assist cashflow and budgeting
  • Tax and VAT advantages may be available
  • Additional line of credit for your business
  • Reduce your regular rentals by choosing to have a final balloon payment