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fridge freezer vans

Refrigerated Vans Finance Or Lease

We understand that some of our customers find the decision between Hire Purchase or Finance Lease a difficult one, so please find below a simple explanation of both finance options.

Hire Purchase

Hire Purchase enables the customer to obtain a new or used refrigerated vehicle in return for regular payments over a specified period.

The customer pays full VAT up front and claims it back in the normal way
VAT is not charged on the monthly payments
Legal title passes to the customer at the end of the agreement


Finance Lease

Finance Lease is defined as paying for use, not ownership, of an asset. The customer takes possession and enjoys the use of the a new or used refrigerated vehicle in return for payment of regular rentals. At the end of the lease period, the customer may extend the lease period by paying a secondary rental or sell the refrigerated vehicle as our agent and receive up to 95% of the sale proceeds.

The customer is responsible for maintenance, repair, service and insurance
VAT is payable by the customer on lease rentals as they fall due
Nominal rentals beyond the end of the agreement allow the customer to continue using the vehicle


Finance Calculator

Repayment term
An interest rate of 6.25% is used for example purposes only to help you estimate the cost of financing this vehicle. Real finance costs depend on individual circumstances and our decided by our credit partners.