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Vehicle Finance Products & Options

Vans2Lease offer vehicle finance products to personal and business customers. There are a number of finance options available in the marketplace and this page aims to provide you with all the facts and information to make an informed decision about the product that is right for you. As a business Vans2Lease specialise in vehicle leasing which in english means the long term rental of a vehicle. At this point in time we only advertise and provide quotations for Contract Hire for Businesses and also Personal Contract Hire for individuals.

It is important that we make you aware that there are a number of other products that offer different features and benefits making them suitable to different types of customer, see our guide below to read about the most common products in the marketplace.

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Contract Hire (Personal & Business)

Contract hire is a long term rental agreement that is based on the usership of a vehicle as opposed to the ownership of a vehicle. The contract is set for a defined period of time (usually between 18 months and 5 years) and with a defined annual mileage allowance.

Contract Hire is available to both personal and business customers and is known as PCH or Personal Contract Hire for individuals and BCH or Business Contract Hire for businesses.

Personal Contract Hire (Also known as PCH or Personal Leasing)

This finance option will benefit a personal individual who wants a fixed monthly cost and is seeking to eliminate the financial risk associated with disposing of a vehicle. A customer who suits personal contract hire will mainly require usership of the vehicle and would not be looking for a guarenteed option to purchase the vehicle at the end of the contract period.

Key features:

• Fixed monthly rentals for the whole package, making budget planning easier
• Flexible / comparible low initial rental (note - this isn't a deposit) - typically 3, 6 or 9 monthly rentals in the first month
• Pre-defined annual mileage allowance
• None of the depreciation risks associated with ownership
• Access to premium vehicles - with a personal contract hire deal, customers can often afford to lease a vehicle that may have a higher specification or market retail price
• Servicing and maintenance of the lease vehicle can be included (optional) in the monthly rentals to provide peace of mind and support budgeting
• Road fund license is provided for the full term of the contract
• At the end of the contract, the vehicle returned to the finance provider

Click here to learn more about Personal Contract Hire.

Business Contract Hire (Also known as BCH or Business Leasing)

It will benefit a customer who is seeking to remove assets from a balance sheet, eliminate the financial risk associated with disposing of the vehicle and enjoy the convenience of a full maintenance service, at a fixed monthly cost.

Key features:

• The vehicle appears off the 'balance sheet' as it is owned by the leasing company
• For VAT registered businesses the business can claim part of the VAT back on the finance rentals and all of the maintenance rentals (if applicable)
• Fixed monthly rentals for the whole package, making budget planning easier
• Flexible / comparible low initial rental (note - this isn't a deposit) - typically 3, 6 or 9 monthly rentals in the first month
• None of the depreciation risks associated with ownership
• Pre-defined annual mileage allowance
• Servicing and maintenance of the lease vehicle can be included (optional) in the monthly rentals to provide peace of mind and support budgeting
• Road fund license is provided for the full term of the contract
• At the end of the contract, the vehicle returned to the finance provider

Click here to learn more about Business Contract Hire.

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Contract Purchase (Personal & Business)

Structurally similar to contract hire, contract purchase enables the customer to make fixed monthly payments. However, with contract purchase the customer has the option of retaining the vehicles at the end of the contract.

Key features and benefits include:

• Similar benefits to contract hire regarding fixed payments and flexible terms
• Maintenance and added value services can be included
• The option to retain the vehicle at the end of the contract - without depreciation risks

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Operating Lease (Personal & Business)

Business Operating Lease

A business operating lease is a cost-effective way of financing a new vehicle for a business individual.

Key benefits and features include:

• Eliminates capital expense
• Provides an additional line of credit
• Fixed monthly rentals which can help you set up and manage your budget
• The vehicle does not need to be disclosed as an asset on the business balance sheet
• VAT can be reclaimed, depending upon what it is used for and if you, the customer is VAT registered
• The vehicle can be returned to the finance company at the end of the lease period

Personal Operating Lease

A personal operating lease is a financially sound way of financing a new vehicle as a private individual.

Benefits of a personal operating lease:

• Fixed monthly rentals allow you to keep to and manage your budget.
• A personal operating lease provides an additional line of credit.
• The vehicle is simply returned to the finance company at the end of the contract term.
• You get to change your vehicle every 2,3 or 4 years depending upon the contract term.
• The vehicle is registered to you, the customer.

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Finance Lease

Finance lease is a popular funding option for commercial vehicles where contract hire is not suitable.

• Fixed, low monthly payments and flexible terms
• Monthly rentals can be lowered further through the introduction of a balloon rental at the end of the contract
• Although you will not own the vehicle, you would receive 98% of the sale proceeds. Where a balloon has been introduced, these proceeds are utilised to help clear the rental

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Lease Purchase

A lease purchase is an affordable solution of buying a vehicle when your business doesn't have the immediate finances to do so.

Key benefits include:

• Vehicle is retained by the business as an asset
• Vehicle can appear on the balance sheet and it's value can be written against taxable profits
• Fixed monthly payments
• Can free up finance
• Vehicle is owned by your business at the end of the contract term and once the final balloon payment has been settled

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