Ways To Pay

The purchase of a vehicle for your business is a big decision and at We Got Any Van we believe we make the process as easy as possible with the choice of ways to Pay and knowledgeable staff to help you make the right decision.

Hire Purchase:

Customer Benefits

  • Traditional form of vehicle financing
  • You’ll receive a fixed interest rate for the loan duration.
  • Regular fixed payments to suit your business needs.
  • At the end of the agreement, assuming all payments (including the Purchase Fee) have been made, your business owns the vehicle.
  • As owners of the vehicle, your business retains any profit from the sale of the vehicle.
  • Writing down allowances may be available
  • Commercial Vehicle customers may reduce their regular payments by choosing Hire Purchase with balloon option
  • VAT deposit reclaimable (VAT registered customers)
  • 100% of interest charges can be offset against taxable profits
  • Ideal for those who require ownership of the vehicle

Contract Hire:

Customer Benefits

  • Minimal deposit – typically three monthly rentals but as low as one payment.
  • Arrange fixed repayments to assist with your cash-flow and budgeting.
  • Your rentals are 100% taxable against profits.
  • Additional line of credit 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 term of the agreement.
  • Optional maintenance and servicing packages (at additional cost).
  • Fixed maintenance package to include services, repairs, tyres, dependant on contract type
  • At the end of the contract, simply hand the vehicle back
  • The vehicle is subject to an inspection, where any reconditioning costs are charged to the customer - ideal for VAT registered larger fleets

Service, maintenance and repair

A maintenance plan that can be included with your Contract Hire agreement for a fixed monthly fee*.

This fee covers your vehicle for:

  • Routine servicing, maintenance and repairs.
  • Tyre repair and replacement.~
  • Exhausts.
  • Batteries.
  • MOTs (where applicable).

VAT registered businesses may be able to recover the VAT charged on service, maintenance and repair.

* Subject to fair wear and tear
~ Upgrades and winter tyres excluded

Finance Lease:

Customer Benefits for more info see our "Finance Lease" page

  • Minimal capital outlay – typically three monthly rentals but can be as low as one payment and maximum flexibility.
  • Fixed repayments to assist cash flow and budgeting.
  • An additional line of credit for your business.
  • Reduce your regular rentals by choosing the Finance Lease with a ‘balloon’ option.
  • Repayment period of up to 60 months
  • VAT is paid monthly, then claimed back quarterly (if VAT registered)
  • Rentals are 100% allowable against taxable profits
  • Vehicle sold or part-exchanged at end of contract hirer benefits from up to 100% of sales proceeds (ex. VAT)
  • Ideal for non-VAT registered business users looking for low initial deposit and maximum flexibility
  • No mileage clauses or penalties

Product Features Hire Purchase Contract Hire Finance Lease
Eventual vehicle ownership Yes No No
Vehicle age New & Used New & used vehicles
up to 12 months old
New & used vehicles
up to 12 months old
Finance Term 13 to 60 months 24 to 60 months 24 to 60 months
Cost of entry Zero deposit available (VAT normally paid up front) Minimum one month's rental
Typically 3 month's rental
Minimum one month's rental
Typically 3 month's rental
Fixed payments / rentals Yes Yes Yes
No responsibility for vehicle disposal No Yes Vehicle sold on lessors behalf. Upto 100% sales proceeds returned to lessee
Flexible end of contract options Renew/Retain Renew/Return/Extend Renew/Extend/Resale
Balloon option available Yes No Yes
Optional maintenance package Possibly Available at extra cost Possibly
Road Fund Licence Included for the first year Included for 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 reg'd businesses may be able to reclaim VAT element of monthly rental VAT reg'd businesses may be able to reclaim VAT element of monthly rental
Off balance sheet funding No Yes No
Taxation (personal advice recommended) Writing down allowances may be available. Interest cost may also be offset. Tax allowable rentals Rentals allowable against taxable profit

NB You should always seek professional advice in relation to taxation and VAT issues.

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We Got Any Van is a trading style of Leasewell (UK) Ltd who is is authorised and regulated by the Financial Conduct Authority.
We Got Any Van can introduce you to a number of finance providers, we may receive a remuneration if you enter into an agreement with them.
We Got Any Van is a credit broker and not a lender.
Company Registration Number: 8242380 | ICO Registration Number: Z3604028 | VAT Registration Number: 144510638
BVRLA Registration Number: 1958 | Financial Conduct Authority Licence Number: 680005
Registered Office: Unit 26 Brynmenyn Business Centre, St Theodores Way, Brynmenyn Industrial Estate, Bridgend, CF32 9TZ

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