What is the cheapest way to finance a van?
This all comes down to your personal situation, please make contact with the team to discuss in more detail.
FINANCE WITH VAN HAVEN
At Van Haven, we don’t want you to have to compromise on your dream van spec, which is why we offer three types of van finance; hire purchase, lease purchase, and 10 Year Finance.
Discover more about these options below or get in touch with the Van Haven team to discuss further.
Hire Purchase (HP)
Hire Purchase is simply funding for the entirety of the van, minus any deposit that you may wish to put down. This will of course influence your monthly payment as the larger the deposit you put down, the less your monthly will be.
The balance can be paid off in anywhere between 12 and 60 months. There is no balloon payment at the end of the agreement, you will own the vehicle outright.
Lease Purchase
Lease purchase is very similar to a Hire Purchase, the main difference being that there WILL be a final or ‘balloon’ payment at the end.
Once all payments have been made at the end of the agreement (including the final balloon payment) you will own the vehicle outright.
10 Year Finance – Lifestyle Vehicles
On lifestyle vehicles, such as camper vans, you can take out 10 Year Hire Purchase agreements. This means you can fund the entirety of the van purchase over 10 years, minus any deposits you put down.
Again, the higher the deposit placed down, the lower the monthly payment.
One advantage of this method is that your monthly payment will be less due to the duration of the agreement.