Bad Credit Van Finance is more common than you think. Swiss Vans can help you get into any of the vans we sell even with bad credit or more realistically we can finance a used van that you find yourself.
– Balloons are smaller or not at all minimum balance £25,001
– We charge a £500 + VAT Admin fee upfront to process this whether or not we can get you credit. This is because its harder work and more stressful to everyone.
– Deposits typically 10 – 20% minimum
– Admin £200 + £300 = £500 in total see above
– Interest rates depend on your circumstances
– If you are on a tight budget maybe find a local van and let us arrange the bad credit finance for you
Bad Credit For Used Vans
– A RAC or AA inspection is required and its paid for by you.
– Again a £500 Admin + VAT taken upfront whether or not we can arrange credit as its a greater amount of work than a normal sale. See above.
– We pay the dealer directly we cant pay private sellers
– Deposits again typically 20% on a used van
– Payout will not occur unless the vehicle has had an inspection the deal will be cancelled
Finance Examples HP and Lease
Deposit minium 10 % + VAT on HP
The balloon depends on the asset we are funding.
As an indication:
Straight HP Funding
Funding straight on a £20k + VAT Van
Repayments £647.23 per month.
Documentation fee £200
Option to Purchase fee £240
Funding straight £20k + VAT
Term 1 + 35 months
Repayments £626 + VAT per month.
Documentation fee £100