Contract Hire
Our Contract Hire agreement allows you to benefit from lower monthly rentals due to VAT advantages, together with eliminating the inconvenience of selling the van. Therefore, if your business prefers to hire rather than own its vehicles then Contract Hire could be the answer for you. You can drive your preferred Volkswagen Van free from worries about its future value, or the inconvenience of selling the vehicle. Contract Hire is available over one, two, three or four years.
We also have a range of fully managed, fixed cost elements that can be added to your Contract Hire agreement to take care of the maintenance of your van and the provision of a replacement one if it is ever needed. This means you’ll know all of your van’s set monthly costs in advance, and what’s more, it is usually possible to recover the VAT in full on any of these elements too *.
* We recommend that you seek independent tax advice.
Finance Lease
Tax advantages and improved cashflow help make Finance Lease the right choice for a lot of businesses. There are two types of Finance Lease available; full payout or balloon - both are available over 1-4 years. With our full payment option there is no final rental. However, with our balloon option you could reduce your rentals (compared to the full payout option) by deferring a proportion of your van’s value until the end of the agreement. At the end of the agreement you can either sell the van on behalf of the finance company and collect a percentage of the proceeds from the sale **, or extend the lease.
** Price must exceed the final rental cost.
Lease Purchase
Lease Purchase could enable you to benefit from lower monthly rentals whilst leading your business to eventual ownership of the van. Simply choose your van, and agree the amount of it’s value that you can defer until the end of the agreement. You then choose an agreement period from 12 to 48 months over which to pay the remaining balance. All of which ensures you keep your cashflow flowing nicely in the short-term.
Hire Purchase
A straightforward way to pay for your Volkswagen Van. You make an initial payment, then the balance is spread equally over one to five years helping you to select instalments that match your budget.
At the end of the agreement, once you have made all the payments (including the option to purchase fee) you own your Volkswagen Van. What could be simpler?
Solutions
The personal contract plan that allows you to make payments over one and a half to three and a half years that may be a more flexible alternative to Hire Purchase.
You can choose to put down a small sum initially and then defer a proportion of the van’s value until the end of the agreement, which could reduce your payments.
At the end of the agreement you have three choices:
Pay the outstanding amount and own your van
Return the van to Volkswagen Commercial Vehicle Finance and walk away (subject to terms and conditions)
Part exchange the van and begin a new agreement on another new or used Volkswagen Van
Some customers find that Solutions allows them to drive a higher specification van for the same payments when compared with Hire Purchase.
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