Finance With Vans Northwest - Vans Northwest Ltd

Finance | Vans North West


At Vans North West Ltd, we understand the importance of finding the right finance product for your vehicle. Our experts work with you one-on-one to not only discover the most fitting financial solution, but also to make the process as quick, clear and simple as possible.

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Why Finance Through a Dealership?

LP – Lease Purchase

With low monthly repayments and no annual mileage limits, Lease Purchase finance is a popular choice for businesses serving a multitude of sectors.

How does it work?

Again, borrowing any amount from £1,000, you work with our team to set repayments that suit your budget for a period of 2 to 4 years. Monthly repayments tend to be much lower than other finance products, as a significant amount of the credit is deferred to a final repayment at the end of the agreed term. This final repayment amount is calculated after an initial deposit, term and monthly repayment amount are agreed. This finance product is available on new vans or used commercial vehicles up to 7 years old at the end of the agreement term. Flexible deposit options, including 0% deposits, may also be available subject to status.

What happens at the end of your agreement?

You have two options once you come to the end of the agreement term. You can choose to pay the Final Lump Sum Repayment to own the vehicle outright or part exchange the vehicle subject to the settlement of your existing finance agreement. With Lease Purchase, you can drive the latest models, keep monthly repayments equal and low with fixed interest, and avoid the mileage restrictions associated with many finance products.

What is Hire Purchase Finance?

HP – Hire Purchase

Spreading the cost of your van purchase is easy with Hire Purchase. Thanks to fixed, regular monthly repayments, you can work towards owning your LCV outright.

How does it work?

After agreeing an initial deposit, agreement term and monthly repayment amount, we then submit your Hire Purchase finance application on your behalf. With Hire Purchase, you can borrow any amount from £1,000 and set repayments that suit your budget over a term of 1 to 5 years. Our Hire Purchase finance is available on new vans and used commercials aged up to 14 years at the end of the agreement term. Flexible deposit options, including 0% deposits, may also be available subject to status.

What happens at the end of your agreement?

Once all repayments and final option to purchase fee have been made, you own the vehicle, a fact that makes Hire Purchase a great choice for many business owners. Hire Purchase finance also ensures you can budget with confidence courtesy of fixed and regular repayments.

What is Personal Contract Purchase?

Contract Hire

With Contract Hire, your finance company owns the vehicle throughout and after your agreement term, an arrangement that comes with many advantages.

How does it work?

Unlike Hire Purchase and Lease Purchase, where you have the opportunity at the end of the term to own your vehicle, with Contract Hire, you are essentially hiring your vehicle for a fixed period. After agreeing a term (usually between 2 and 5 years) and annual mileage, we are then able to offer you a fixed monthly repayment amount. A range of optional extras are also available with Contract Hire to ensure the added expense of servicing, MOTs and replacement tyres can be covered comfortably throughout your agreed term.

What happens at the end of your agreement?

Whilst you will not own your vehicle at the end of the term, Contract Hire offers protection against the depreciation risks and disposal worries that many have when choosing other finance products. Contract Hire also unlocks various VAT and tax benefits. At the end of your term, your vehicle will be collected and its condition appraised. Excess mileage charges will apply if you have exceeded your agreed limit. Any damage due to the vehicle’s age or mileage will be considered as part of the final vehicle appraisal.

Finance Lease

A popular but often overlooked flexible lease option with no mileage limits or damage recharges.

Finance Lease is perfect for registered companies who want to handle the administration of their vehicles, and have the asset shown on their balance sheet.

A VAT-beneficial option where the hirer can choose to pay the entire cost over the agreed lease period, plus an interest charge, or pay lower monthly rentals during the lease period with a final payment based on the anticipated resale value of the vehicle.

  • Finance Lease is a method of financing a vehicle that is usually favoured for commercial vehicles and by VAT registered businesses
  • The business obtains the use of the vehicle by paying a rental each month
  • The monthly rental is determined by the initial cost of the vehicle (excluding VAT), the period of the Finance Lease and the residual value (sometimes called the balloon payment), plus interest
  • Although you never take ownership, at the end of the Finance Lease contract a Final Rental
  • Usually this means that the vehicle is sold and a proportion of the proceeds of the sale are returned to the lessee (In LeasePlan’s case, the customer receives 98% of the sales proceeds whilst LeasePlan retain 2%


  • Minimum capital expenditure
  • A fixed interest rate is available on all contracts
  • No damage recharge as you are responsible for disposal of the vehicle
  • VAT recovery on the lease rentals (subject to 50% block)
  • Corporation tax relief available against the lease rental charges
  • Rentals can be offset against the businesses profits


  • You will never own the vehicle as you must sell it to a third party at the end of the agreement
  • Operating risk associated with running the vehicle at the end of the contract
  • Interest rates can vary on some contracts
  • You must have fully comprehensive vehicle insurance
  • The company will be tied into a fixed contract
  • Exposure to residual value risk for the company

We are an independent licenced Credit Broker regulated by the Financial Conduct Authority, and work with carefully selected vehicle finance providers to supply personalised, versatile finance products directly to you. Vans North West Limited is authorised and regulated by the Financial Conduct Authority (FCA No 648909).

Benefits of Finance for Business

We are here to help

There are a number of different finance options available at Vans North West Ltd, making your new van purchase affordable. Visit our showroom and speak to a member of our finance team. They’re able to advise you on all our finance options. If you have a bad credit history then we may still be able to help you, simply ask one of our friendly finance staff for more information.

  • Business specialists Our dedicated team of Business Specialists are customer focused and are on hand to give advice and assist you in anyway they possibly can.
  • Spread the cost Repayment terms from 12 to 60 months.
  • Fixed payments Low APR’s, Fixed monthly repayments, no hidden charges.
  • Existing finance settled Speak to a business specialist they can arrange to settle your existing vehicle finance.
  • Business tax relief Business users may claim tax relief on any interest charged. The vehicle is also classed as an asset which allows write down against taxable profits.
  • Fast decision Depending on your circumstances you could be agreed within 15 minutes.