What is Business Contract Purchase and how does it work?

What is Business Contract Purchase and how does it work?

What is Business Contract Purchase and how does it work?
13 May 2022

For those who want full ownership of their vans and trucks, a Business Contract Purchase might make the most sense. By choosing this option, you are able to pay a small amount upfront and have fixed monthly payments with a pre-determined interest rate for the term of the agreement.

After the van leasing contract ends, you will have the option to purchase the van from your funder by paying the Guaranteed Future Minimum Value. The amount you will be required to pay is agreed upon prior to signing your lease contract. 

You can also return the van to the funder at the end of the fixed term for disposal. In that case, excess mileage costs will apply if the vehicle has exceeded its contractual mileage.

Business Contract Purchase is a viable option to lease a refrigerated van, a dropside or tipper van or a Luton van if you aren't sure if you want to keep the vehicle or return it once the contract comes to an end as it gives you more time to decide.

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We work in partnership with many of the UK’s leading van leasing, car leasing, contract hire and finance leasing funding companies in order to provide the most competitive rates and offer you the best leasing deals possible. Our guide to eligibility will help you understand the various requirements for establishing a vehicle finance agreement.

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Achieving the best van leasing deals and the best car leasing deals has become a key consideration in the work we do, so you can get the best leasing deals. Our process is built to ensure we accurately and efficiently identify your needs and requirements, achieve the best finance deal for you, apply for finance on your behalf and provide you with the quickest delivery possible.

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At Commercial Vehicle Contracts, we ensure that every aspect of the car leasing process and van leasing process is seamlessly undertaken with full management on your behalf, meaning you can sit back and relax with the peace of mind that your chosen vehicle will arrive at your desired address matching your required needs.

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