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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