Whether you are a well-established business or a new start-up, self-employed or purchasing a fleet: finding the right Van Finance Deal on a new van can be a valuable asset to your company.
The transportation of goods, equipment, or materials is often the pinnacle for generating business and creating a healthy revenue stream. So, whether your van is served as a mobile office or used to get materials from a to b, we understand the importance of not only getting the right van for you, but also choosing the right finance option.
Having a new van on finance can be a daunting task, especially if you’re not familiar with the process. In this blog, we’ll go over the basics of having a van on finance and some tips on how to make the process a little easier.
Van Finance Deals: Help
1. Determine your budget before you start shopping for a new van.
It’s a big investment, but it’s also a big spend. Consider the cost of the van itself, as well as any additional costs such as insurance, registration, and maintenance. Consider some finance options such as Contract Hire or Lease Finance as they sometimes offer ‘fully maintained’ packages, essentially covering the vehicles road tax, servicing and new tyres.
2. Don’t just shop around for the best deals, make sure you buy from a fully trusted dealer.
All our vans come with a 3-5-year manufacturer’s warranty. We understand the important of having peace of mind when forking out such a large amount of money for a large investment. Sometimes you just can’t afford for things to go wrong, so it’s best to ensure you’re buying from a business you can trust when having a van on finance.
3. Consider your credit score but don’t fear rejection.
It’s common to worry about being rejected for a credit loan. Your credit score plays a significant role in the financing process. A higher credit score will give you more options and better interest rates. However, a poor score doesn’t necessarily mean you won’t be accepted. Before you start applying to have a van on finance, check your credit score using websites such as Clear Score or Experian and address any issues or errors. You can also improve your credit score ready for you to finance a new van by paying off debt and making payments on time.
4. Understand the terms of the loan before signing any financial agreements.
We offer free, impartial advice to all our potential customers. We’d always recommend seeking advice from a professional accountant should you not be sure if you can afford a new van on finance, for your business. That said, we ensure we are as transparent as possible, so you understand the interest rates, monthly payments and any fees associated with your financial agreement, with no hidden costs.
5. Start by researching.
Clue yourself up on the different types of financing options available. It can be challenging to know where to start or which finance option is best for you. It’s natural to feel overwhelmed by the different types of loans, interest rates and repayment terms. So, a good place to start, would call the number a the top of the page, or contact our customer care team to discuss your van finance options.
Van Finance Pointers
We understand the commitment behind having a new van on finance. Taking out a loan is a long-term commitment that can last several years. It can be scary to commit to such a large financial obligation, but despite these fears, having a new van on finance can be a smart investment for your business and personals needs.
By doing your research, understanding your options, and working with a trusted lender, you can make the process much less intimidating and more manageable.