Choosing your next commercial vehicle requires careful consideration. But once you’ve picked your perfect van, you’ll need to decide on the best way to fund it. Van finance is loaded with jargon, so it can be difficult to know what the best option is for you. At Vanwise Group, however, we’re here to help. Here’s our guide to PCP finance, so you can choose your vehicle and finance it with confidence.
If you are purchasing a van for use as a sole trader or in place of a car, PCP – which stands for Personal Contract Purchase – is a great option. It gives you plenty of flexibility and ensures your monthly payments can remain low.
The monthly payments on PCP van finance only cover the depreciation value of the vehicle i.e. how much it is expected to decrease in value over the period of the contract.
You’ll first pay a deposit and choose the length of the agreement you prefer – usually between two and five years – as well as give an anticipated annual mileage. The monthly payments will be based on this, and you will pay them until the end of the contract. When the final payment is made, you have three options:
Knowing all this now you are ready to go on a hunt for your next van. Check our available stock for many different types of pre-owned commercial vehicles.
Panel vans, minibuses, pick-ups, and tipper vans from the biggest makes are all available at great prices.
If you'd like to test drive one of the used vans for sale, have a look at our website to see what we have for you, and call us at our Essex dealership on 01279 216163. Ask us about our vans on finance and van contract hire offers too.