Van Finance

Any company which, as part of its operation, transports objects to or from its base, or between any other points, is likely to consider acquiring one or more vans. Usually a van is a vehicle comprising a cabin at the front for the driver and a passenger, and a larger enclosed space behind for the physical movement of goods.

Like any motor vehicle, a van may be purchased outright or through a staggered finance arrangement. Although van finance obviously incurs interest it might be advantageous for a small company in particular to opt for the finance route in order to steady cash flow. If costly assets such as commercial vehicles are purchased outright before the company has had a chance to generate much income it could have the effect of fatally inhibiting its ability to do so.

The other big advantage with taking out van finance is that finance leasing is considered to be a hire agreement, even where the option exists to take ownership of the van at the end of the lease period, and is therefore entirely tax deductible. Sole traders and small businesses in general can enjoy massive tax benefits whilst not having to commit to a heavy frontloaded outlay.

It is for these reasons primarily that van finance is the preferred option of many small to medium sized businesses and especially in the early stages when resources are in short supply and ideally needed elsewhere within the operation.

Compare a variety of van finance options online at the above van finance quote comparison sites and get the best van finance deal for you today. Whilst you are looking to finance your van, you may also wish to look at a cheap van insurance quote by clicking here.