Van Hire Purchase

Van Hire Purchase

Apply For Van Hire Purchase At Some Of The Lowest Rates Ever

£199.00

Category:

Description

Get Quote

 

Van Hire Purchase

Van hire purchase is the most simple basic form of funding. Its a loan secured against the van. Its also named Lease Purchase but lease purchase is usually with a  balloon at the end.

Explode the Myths

VAT & Van Hire Purchase 
Lets explode a few myths here as things have changed a lot in recent years. Traditionally VAT is placed upfront but in recent years this has relaxed and there are a few funders out there that will defer  VAT for up to three months. In fact there are even a few funders now that will finance the VAT

Balloons
A ballon is a slang but widely accepted term for a large final payment.
Some finance companies allow percentage of the purchase price while others use quite complicated equations  and auction feeds.
Typically a balloon is worked out to about 85% of its auction value excluding any extras adjusted for mileage. Thus a driver who does 100,000 miles a year will have higher payments and a lower balloon that a 10,000 mile per annum driver

Tax
HP and Lease Purchase get a 100% tax write down all in the same year.
So it suits companies that want to shed as much as possible that financial year. Thus is you are a new start company or your profits are low finance lease is often a better method as it transfers some tax savings into later years.

Who does It Suit?
Flat rate VAT customers for sure. Large VAT registered companies.
Customers buying a motor home, intact anyone who wishes to take ownership of the van at the end. The payments are often a great deal higher than finance lease for example.

Finance Lease Declines
If you are declined  on finance lease or contract hire we can still often get you a line of credit on HP. Its because  a banking credit check is often different  to an Experian one but our rates are far far lower than you will get from your high street lender. They rely on you walking in

Van Contract Hire
Van Finance
Van Leasing
Nissan Navara Lease
Automatic Vans
Ford Transit Custom Sport
Citroen vans

Van Finance

Best Ways Of  Van Finance  
At Swiss we have literally most funders on the market and will introduce you to the best value. Our aim is to help you grow your fleet 
and become your natural choice to replace vehicles. 
Van Hire purchase – VAT down and VAT deferred . HP is a great way to actually buy a van. If your VAT registered claim the whole VAT amount back within three months. 
Van Leasing 
Small deposits from one payment in advance to 50% of the van price. Its 100% tax deductible so great fir new start companies that have start up costs. Is the favourite way for many manufacturers so often attracts the greatest discounts. Its more flexible than contract hire. 
Lease Purchase
Not all manufactures support this method so often pre registered vans are the way to go. This is because you take ownerships automatically and they worry it will affect residual values. Ask us first as often you cant get a private plate on this method. Its very much like HP but more suited to VAT registered companies as they can claim the VAT back of course. If you are flat rate VAT this is the one for you. 
Van Contract Hire 
Great for larger fleets that want to control costs but its seldom sold to smaller users as its quite restrictive. Many ask for it because  they have asked for it in the past. Some mistakenly think there is no credit check check but there is. 

All prices subject to VAT. Images are for illustration purposes only.