Overlay
Business Van Hire Purchase

Hire Purchase for business vans

What are the advantages of Hire Purchase vans?

Find your own van – You are free to pick the van that works best for you, for the best price you can find.

No mileage restrictions – When opting for equal monthly payments on your Hire Purchase van, you will not be limited to specific annual mileage.

Flexible payments – By paying a larger sum as the ‘balloon payment’, you could decrease the monthly costs of your Hire Purchase van.

Agreed term set by you – With available durations between 12 and 60 months, you could agree to a term that works best for your business funds.

Flexible interest rates – With a choice of fixed or variable rates, you could make the choice that suits you and your business best.

Reduction of tax payments Allowances and capital grants may be claimable on your agreement. It may also be possible to offset repayment interest against your business profits and claim back VAT.

Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances

Zero arrangement fee when you apply for Hire Purchase online

Specific eligible assets are available via the quote tool.

Van Hire Purchase with Lombard

Hire Purchase is a flexible way of financing a van when you want to become the lawful owner at the end of the hire term. You are the registered keeper of the van during the lease period and have full liability for maintenance and repairs, with Lombard acting as the legal owner until your last payment, when ownership is transferred to you after any agreed balloon payment sum is settled. Lombard Hire Purchase offers flexible monthly payment rates, based on an optional deposit and a balloon payment agreement tailored to your business’ budget and needs.

To find out more about Hire Purchase and how it compares to other types of asset finance we provide, visit the Hire Purchase page.

Is business van Hire Purchase for my business?

Lombard Hire Purchase is a finance option suitable for sole traders, partnerships, limited companies and other VAT registered business. If you are VAT registered and plan on using the Hire Purchase vans strictly for business, you may be able to reclaim VAT and offset repayment interest rates against your business profits.

Get a van Hire Purchase quote

If you're after a flexible finance solution for a business van where you become the owner of the vehicle at the end, get a quick indicative van Hire Purchase quote now.

Get in touch

We can discuss finance solutions and answer any questions you might have.