Van lease purchase

What is a van lease? Can you own a car before a lease purchase agreement? A balloon payment can also be added to reduce the repayments. See our special offers and lease deals on vans and pickups from all the big brands.

The agreement requires a deposit, which is usually equivalent to monthly payments, and a final payment which is typically equivalent to the residual value of the vehicle at the end of the contact. The van Hire purchase package is split as follows: Deposit: Usually the full VAT (20%) of the vehicle’s value, although you can choose to pay more to reduce your monthly payments.

Frontier Vehicle Leasing Ltd is authorised and regulated by the Financial Conduct Authority. When you lease a van, you take out a long-term rental agreement which offers the exclusive use of a van or pick-up truck for a set period of time, and at a fixed monthly rate.

Leasing is a fuss-free, and often cheaper, alternative to buying a brand new van. Do you require a long term van rental, a small van lease or hire purchase vans for business operations ? Depending on your needs, you will require a different kind of van lease. Hire Purchase Hire purchase is a hire agreement between a customer and a finance company secured against the vehicle, where the customer has the option to own the vehicle at some point during or after the agreement.

The finance company HIRES the vehicle to the customer for an agreed period of time at an agreed monthly sum. Most lease packages also include maintenance and breakdown cover, which is easier on the savings.

And if your van breaks down, the company fixes it and covers the cost. Lease companies usually offer a choice of a straight lease or a lease purchase.

The latter gives you the option to buy the vehicle at the end of the term. Lease purchase contracts is available to business customers. It is an agreement designed to offer dedicated vehicle funding if your company eventually wishes to buy the vehicle, but doesn’t want to spend the money up front.

No deposit van leasing is just like regular van contract hire or finance with the added bonus of getting you into your desired van with no down payment of any kind up front at all: you pay no lump sum or VAT payments at all, so you can confidently plan your payments for the duration of the van contract hire or finance plan. There are sometimes extra fees and costs involved in leasing a car.

If you lease a car, you can usually claim 50% of the VAT. If Finance Lease is your preferred way of running your van fleet then you have come to the right place. The Hire Purchase (HP) finance option enables you to buy the cheap new van you want by spreading the cost over monthly instalments.

Van Finance Lease. At the end of the agreement, you will own the vehicle outright. Choosing vans on HP allows you to decide how much you want to pay as a deposit (minimum deposit equal to VAT and the road fund licence) and then complete your purchase with fixe affordable monthly payments.

Headquartered in East Sussex, we have years of industry experience and partner with some of the UK’s largest fleet leasing finance funders such as Leaseplan, Lex Autolease and BNP Paribas to give you exclusive discounts on our entire range of vehicles. Sell the vehicle on behalf of Ford Lease to a third party. Agree a part exchange price with your Ford Dealer and the Dealer purchases the vehicle from Ford Lease.

Ford Lease will return 100% of the sale proceeds to you less any fees associated with the vehicle sale. In general, the longer the agreement, the lower the monthly payments.

You’ll need to pay a deposit upfront and then a series of monthly payments. The leasing company will run a credit check to assess the likelihood of you keeping up with your payments – so you’ll need a pretty good credit score to be approved.

Simply put, you choose a new van or pick-up, pay an initial payment and then pay a monthly amount to drive it for a certain time period that you choose. A flexible finance option for ownership, available to private individuals and businesses. Hire Purchase is a funding agreement where the customer acquires ownership when all payments, including the purchase payment have been made.

We stock all makes and models, and our expertise means we can provide professional, impartial and honest advice about all vans on the market. Our best van deals are available with a range of flexible finance options, including hire purchase, flexible finance lease, and contract hire. Getting your hands on a new van has never been easier. Leasing is different to buying, as you won’t technically own the van.

You’ll just be renting its services - typically for a monthly fee. Lease Purchase and hire purchase are really the same product but lease purchase often has a balloon. Now, as mentioned both buying and leasing bring their own benefits and drawbacks.

So, what are they exactly and which of the two offers the best value? Car leasing is a cost-effective and hassle-free way to drive a brand-new vehicle whilst benefiting from fixed monthly payments, manufacturer warranties, road tax and free delivery. We supply all makes and models of new vehicles from a national network of franchised main dealers.

You pay an advance rental, followed by fixed monthly rentals and return the vehicle to Ford Lease at the end of your agreement.