At Leeds Vans we want to make the process of buying your next new van as easy as it possibly can be, we have in place contacts and arrangements with the top commercial vehicle finance companies which allow us to offer you the following great packages on the majority of our new van sales:
Lease Purchase
A lease purchase arrangement allows you to own a new vehicle with small deposits and flexible monthly payments.
Benefits / Details
- Deposits are usually 3 monthly rental amounts, but can be any amount you wish
- VAT is added to payments then claimed back through standard VAT cycle
- All payments are 100% allowable against taxable profits
- Repayment periods are flexible up to 60 months
- Agreements can utilise a final balloon payment to defer large payments to the end of the
agreed period
- No limited mileage clauses
- Van sold or exchanged upon completion of the agreed period, you receive 95% of sales
proceeds
Hire Purchase
This is a simple method of purchasing a new van with fixed monthly repayments and no final fees.
Benefits / Details
- Small initial deposits, usually 10% or the VAT amount
- Monthly payments are VAT free
- VAT deposits are reclaimable
- Interest charges are offset against taxable profits
- Repayment periods are flexible up to 60 months
- Ownership of vehicle is passed over to you upon completion of the agreement
- New vehicle is a company asset and can benefit your balance sheet from writing down allowances
Contract Hire
Contract hire is a simple, no hassle way of running a new vehicle, with a fixed monthly cost.
Benefits / Details
- Deposits are usually 1 - 3 monthly rental amounts
- Monthly payments are subject to VAT
- Fixed monthly repayments for the length of the contract
- Payments are 100% allowable against taxable profits
- Contracts available which include all servicing needs, repairs and tyres
- Vehicle is returned at the end of the contract period