September 06, 2016 at 1:32 PM

If you find yourself in the position of needing to buy a van, which route do you choose?

Perhaps you need a van for work purposes? Or you may need to replace an existing van? It may also be the case that you are busy starting up your own business. No matter what the reason is, acquiring a reliable, safe and affordable van can be a difficult task. One way in which to afford a tried and trusted van is to buy a used van on finance. This option really does give you the best of both worlds. 
Here's our quick guide to buying your used van on finance. 

What is finance?

The important thing to be aware of is that when you buy a van on finance, you don't actually own it outright. That is not until the end of the agreement, which in most cases is around 2 years. Instead, you make monthly set payments. 


There are several finance options available to you. They are:

  • Personal loan from a bank or lender
  • Personal contract purchase (PCP) - the most popular choice as you can keep/ return or trade in your used van
  • Hire purchase - This is where you pay a deposit and then follow up with fixed monthly payments.

 

So why buy a used van on finance?

Well, there are just so many advantages: the first being the set monthly amount that you pay. In these troubled economic times, it is incredibly advantageous to know exactly what you will be paying each month. Then there is, of course, the fact that you can get a used van without the huge financial burden. 

Van variety

Many individuals choose to buy on finance as this gives them the ability to buy a different used van every couple of years or so. You can, of course, keep the van once all payments have been made, but it is still a good option to be aware of, especially if your business grows and you need a larger van. 

Make the right choice for you

It is important that you make the right choice based upon your financial needs. Buying a used van on finance gives you the freedom to choose a used van within your financial situation, as well as the ability to renew your van within a couple of years. Perfect for the growing business!

 



Tags: Blog Used Vans Finance
Category: Blog