Discover van hire purchase with Anglo Scottish
Whether you’re an established business or a start-up aiming to grow, we can support you with competitive van hire purchase rates – we’ve been doing so for over 30 years!
Choose Anglo Scottish for:
- Rates from 8.9% APR
- FCA-authorised credit broker
- 140+ lenders on our panel
- No balloon payment at the end
- Assessed by a real person
Start your van hire purchase quote
Get a van hire purchase quote in under three minutes or speak directly with one of our experts:
Applying does not affect your credit score.
Start my quoteRather speak to an expert immediately?
Call us on 0191 814 3300Van hire purchase in four simple steps
Step 1
Step 1
Get in touch and tell us about your business, the van you need and your preferred repayment term.
Step 2
Step 2
We’ll search our panel of 140+ lenders and reach out to gain approval.
Step 3
Step 3
Once you’re happy with the terms, we’ll handle the paperwork and liaise directly with the lender.
Step 4
Step 4
Start driving your new van and reaping the rewards!
Business van hire purchase
Hire purchase is well suited to businesses that want a clear, uncomplicated route to owning their van. There are no mileage restrictions, no residual value to worry about and no decision to make at the end of the agreement. Ownership transfers to you automatically once the final payment is made.
The agreement is secured against the van itself, which typically means more competitive rates than with unsecured borrowing. Agreements usually run between 24–60 months, and the deposit required can vary. In some cases, we can source van hire purchase deals with no deposit required.
For businesses that plan to keep their vehicle long-term, a van hire purchase agreement with Anglo Scottish is often the most cost-effective form of van finance.
Learn more about growth opportunities through hire purchase.
Van hire purchase for limited companies
For limited companies, a hire purchase agreement sits with the business rather than the director – meaning the liability and the asset both belong to the company. The van can be treated as a business asset on the balance sheet, with depreciation accounted for accordingly.
VAT-registered limited companies may also be able to reclaim the VAT element on qualifying agreements. Our team will make sure your agreement is structured correctly for your company from the outset.
Van hire purchase for new businesses
A limited trading history doesn’t automatically rule out van hire purchase.
Anglo Scottish brokers work with lenders across our industry-leading panel of 140+, including lenders that consider applications from start-ups, sole traders and newly registered limited companies. Every single application is reviewed manually by a real person.
If your business is new or your credit profile isn’t quite where you’d like it to be, we encourage you to get in touch. We can’t guarantee approval for every application, but we’ll give yours every possible chance. We can often offer terms to those who have been turned away from traditional, high-street banks.
Learn more about the benefits of van finance for small and medium enterprises.
Most van hire purchase agreements require a deposit of around 10% of the vehicle’s value, although this varies depending on the lender and your business circumstances.
In some cases, we can source no-deposit van hire purchase deals. Get in touch with our experienced van hire purchase brokers and we’ll confirm what’s available for your situation.
Standard van hire purchase agreements don’t include a balloon payment. Once you’ve made your final monthly instalment, the van is yours.
Some agreements can be structured with a balloon payment to reduce monthly repayments, but this leaves a larger sum to settle at the close of the term. We’ll make sure you understand exactly what you’re signing up for before anything is agreed.
Van hire purchase agreements typically run between 24–60 months and two–five years. The right term for your business will depend on your preferred monthly repayment level and how long you intend to keep the vehicle. Our team will help you find a term that works for your cash flow.
Contact us
A finance lease can be a hugely important and helpful facility for businesses of all sizes. The flexibility provided by a finance lease arrangement means that any business can enjoy the benefits of spreading the cost of their investment.
However, if a finance lease is not right for you, we offer a vast range of commercial finance and asset finance solutions, so you can get an arrangement that perfectly suits your requirements.
To find out which is right for you, get in touch today! Contact our team to discuss your options or simply have an initial chat. We look forward to hearing from you!
Contact us to discuss your requirements.
Need help? Call us on 0191 410 4776