FAQ

The main difference between the two is that a finance lease gives the user the option of selling the...

Both deals are similar, meaning that you lease the van for a set time, paying an initial deposit, in...

No, it is not possible because the finance company is the vehicle’s owner and with this type of cont...

Yes, the monthly rentals that you pay will cover interest and depreciation. The depreciation value r...

Yes, they do. Both personal and business hire leases are subject to VAT. However, it can be claimed ...

Any business that is VAT registered can reclaim it 100% if the car or vehicle is used only for busin...

Better budget planning due to fixed monthly payments Depreciation, service and maintenance are su...

Zero equity at the end, unlike Finance Lease Early settlement may attract high fees You won’t ow...

Before being accepted for leasing, you will have to pass a credit check. Most of the leasing compani...

With this type of contract, you do not own the vehicle in the end. The van must be returned to the l...

Contract Hire is a type of car or van leasing that allows you to drive a new vehicle without owning ...

The key difference is ownership. Hire Purchase van finance gives you full ownership at the end of th...

Yes. Hire Purchase is available to sole traders, partnerships, limited companies and VAT-registered ...

Once the final payment is made, the van is yours and any equity in it belongs to you. If the van is ...

In most cases, yes. You have a legal right to settle a Hire Purchase agreement early, and doing so c...

None at all. Unlike Contract Hire or Finance Lease, Hire Purchase van finance places no limit on how...

Hire Purchase agreements at Loads of Vans are available over terms of up to 60 months (five years). ...

Yes, there are several worth knowing about. You can claim 100% tax relief on all interest charges pa...

Yes, if your business is VAT registered, you can reclaim the VAT paid as part of your deposit. Becau...

The minimum deposit on a Hire Purchase agreement is the cost of VAT and road fund licence (vehicle e...

Not immediately. During the Hire Purchase agreement, the finance company is the legal owner of the v...

With leasing (such as Finance Lease or Contract Hire), you never own the vehicle. Instead, you pay t...

Hire Purchase (HP) is a finance agreement that lets you spread the cost of a new van over fixed mont...

Yes, new cars pay VAT across the length of the agreement – 20% of the vehicle’s value. However, if y...

Lease Purchase is another van leasing agreement, conditioning the user to take possession of the van...

A good leasing deal for a car usually has several advantages over purchasing it. Since monthly payme...

Simply because there is just a single monthly payment for driving a brand-new car, which is manageab...

The main difference is at the end of the contract – when the leasing agreement ends, the vehicle mus...

Yes, you can claim it back 100%. This is possible due to the fact that the vehicle is rented, not ow...

As standard, it is your responsibility to ensure the leased vehicle, thus van insurance is typically...

Yes, it is possible. One of the options available after ending your contract is to pay a one-off sec...

In van leasing deals, the leasing company will be the legal owner of the asset, purchasing and renti...

Yes, a new business can access business leasing deals. However, you will still need proof to confirm...

If you choose a loan, the monthly payments are often higher than the monthly rentals of a lease deal...

The lack of equity in the leased vehicle is the main disadvantage of leasing. Despite making regular...

Yes, this is possible. A Finance Lease deal is a popular option for sole traders, with plenty of ben...