Vehicle Finance.

At The Van & Truck Store, We understand that sometimes, buying a vehicle outright is just not an option. Therefore, we offer a range of financial options, tailored to your business or personal circumstances. Our experienced staff can talk to you about your specific requirements and offer you a bespoke solution. Something that works perfectly, for you.

We also offer brand new vehicles, with all the same financial options, over at our sister company, V2L Ltd

HP (Hire Purchase)

This can be applied to business or personal use customers. The customer pays an initial down payment, with the balance being paid in instalments, plus interest. The buyer does not have full ownership of the vehicle until all the monthly instalments have been made.

Hire purchase agreements are available over 12, 24, 36, 48 or 60 months.

Finance Lease

This method is generally applied to businesses, due to its tax deductable benefits. The finance company owns the vehicle throughout the duration of the term. An initial payment is made, followed by a monthly rental, and a residual value outstanding at the end of the term. At the end of the rental period, the Customer is then responsible for payment of the residual value, by way of selling the vehicle. A nominal amount of the sale goes to the finance company, with the customer retaining any remaining equity.

Finance lease agreements are available over 12, 24, 36, 48 or 60 months.

PCP (Personal contract purchase)

A PCP is something which may be more suited to private individuals, rather than businesses. PCP gives the customer the benefits of leasing a vehicle, with the option to either hand it back at the end of term, or, pay a residual (balloon) payment at the end of the term in order to own it outright. Benefits of this type of finance are:

No depreciation risks. Early settlement option. Simple hand back process at the end of the term.

PCP agreements are available over 12, 24, 36, 48 or 60 months.