Should I Apply for Van Finance or Buy Outright?

If you are considering purchasing one of our used vans at Eden Commercials, there is more than one way to buy.

Our vehicles are competitively priced if you wish to pay buy cash, but we also have great finance options available.

Buying a Van Outright

Buying a van will make it yours as soon as you hand over the cash. You will not have to worry about keeping up with monthly payments because the cost of your van will have already been covered.

If you decide that you want to change your van at any point, it will be yours to sell, whereas if you are financing the van, you will not be able to sell until you have reached the end of your contract or finance has been settled because the vehicle will legally belong to your lender until all of the repayments are made.

Buying a Van on Finance

On the other hand, high-quality vans do not come cheap, and paying the entire cost at once could be quite a blow. With a hire purchase agreement, you will still become the owner of the van, but you will be able to pay for it in small instalments over the course of a year or more.

Because you can spread the cost, it is likely that you will be able to afford a more expensive, better vehicle with a van finance agreement. This could be particularly beneficial if you are using the it for commercial purposes, as it will create a good impression with customers and could improve your performance.

Cash or Finance?

Either way, you will become the owner of the van, but with a finance agreement, it will take time to make it official. If you can live with this, van finance agreements are a bit more manageable but it is important to ensure that you are in a good position to be able to make the repayments every month.  

View the latest range of used vans and find out more about our tailored van finance deals online!