We offer three types of van finance at The Vehicle Financer, these are:
Hire Purchase (HP) – you are hiring the car from the lender until you’ve made all the payments, then you legally own the car.
Personal Contract Purchase (PCP) – this is much the same as HP, only at the end of the monthly payments you haven’t paid for the car in full. So, you can either give the car back, use the remaining value of the car as a deposit for another one, or pay what’s called a balloon payment, which makes up the remaining value of the car, and own it outright.
Personal loans – with this type of finance you own the car from the day the dealer is paid. You then make payments to the finance company until the amount you borrowed is paid in full.
There are, of course, pros and cons to each of these, so if you’re not sure which van finance is the best fit for you, give us a call, we’ll talk you through them.