Hire Purchase is an efficient way of financing a commercial vehicle into the monthly payments. Compared to other financing options, at the end of the agreement, you will own the van.
Find your perfect new van on hire purchase and get in touch with our team for your exclusive finance deal. This is for limited companies only.
£54,650 £47,750 + VAT
£44,950 £43,950 + VAT
£43,950 + VAT
£41,999 £40,750 + VAT
£39,950 + VAT
Once you have chosen the vehicle via our range at Rampage Vehicles you will need to pay the deposit, which is usually 20% (VAT) and how long you want to pay the finance. The affordable monthly repayments will be spread over the agreed contract period. Once the monthly repayments have been made this is when you will own the vehicle.
With hire purchase, you pay fixed monthly payments allowing you the opportunity to budget much more easily. Unlike other finance options, you will be able to own the vehicle at the end of the agreement.
When agreeing on the contract for the vehicle you won’t have any mileage restrictions meaning you don’t need to worry about having to pay for excessive costs of the agreement. The initial 20% deposit you will pay for the vehicle can be offset with the next VAT return.
If hire purchase is not for you then check out our other finance options where we offer van leasing deals for your business which included finance lease and contract hire.
To make sure you are eligible for Van Hire Purchase, you will need to have a good credit score. Our finance lenders will conduct a credit check on all applicants, but you should also have the following proof of identification and credit history:
There is an option to use to use hire purchase with a balloon payment. It is entirely your choice whether you want to use it or not. If you do choose to use this finance option with a balloon payment, you will pay a large sum at the end of the contract. If you want to keep your monthly payments as low as possible then this might be the option for you.
Van hire purchase is the process of financing for the full value of the vehicle allowing you to gain ownership of the van once the contract has ended. On the other hand, Van contract hire is the process of renting the van throughout the contract and once the agreement has been fulfilled, instead of owning the vehicle, you will return it.
There is no specific credit score you need to be approved for a van hire purchase. The higher your credit score you have, the better chance you will have of being approved. We generally recommend that your credit score should be good or higher to avoid as many issues with the application process as possible.
