Van Finance for Self-Employed Entrepreneurs
Cash flow fluctuations that self-employed entrepreneurs experience in the UK affect their creditworthiness. This makes it harder to acquire business van financing, while some lenders may hesitate to extend credit. But with Swiss Vehicle Contracts, you don’t need to worry if you’re your own boss. We make it easier to acquire a business van on finance for self-employed entrepreneurs. Source
Why Is It Difficult To Find A Van On Finance For Self-Employed?
Imagine yourself as a lesser. You’d be much more comfortable trusting a lessee with a regular, verifiable income. In the case of self-employed, it’s still possible but very difficult. A self-employed person’s income and profits are unpredictable and volatile, and this means no stability guarantee.
But Swiss Vehicle Contracts operates differently – we understand the challenges that self-employed entrepreneurs face. That’s why we have a keen interest in ensuring everyone gets their business van finance approval. We don’t just deny a client’s financing request simply because they’re their own boss.
Instead, we rely on individual client reviews to determine if they’re worth financing. And the surprising news is that most self-employed people pass our review criteria. All we request is a three-month business account statement as proof of income. It doesn’t matter even if the income amount fluctuates between the months. We offer the best van on finance for self-employed without bias.
The Most Inclusive Self-employed Van Finance Options
At SVansales.com, we’re relentless when it comes to creating van finance options for the self-employed. Our options offer convenience that clients won’t find with other financiers. For instance, our vans on finance enable our clients to get a business van without a large initial deposit of the vehicle’s value. It’s our goal to see you forge ahead, even if you’re self-employed. See al vans for sale
Van Contract Hire
Our Contract Hire finance option for self-employed is packaged for those who don’t want to deal with the stress of vehicle ownership. With this option, you get a van lease hire for between 24 and 48 months and pay a fixed monthly rental fee. The mileage restriction is also friendly, allowing you to use the van with flexibility. After the contract ends, you don’t own the van, but rather return it to the lesser. See all van lease deals
This option comes with numerous benefits, including:
- Budget-friendly – The monthly payments are lower compared to financing for salaried people.
- Maintenance package – Get an optional maintenance package to cater to the vehicle servicing.
- Flexibility – Drive the latest van models after 2 to 3 years. When the contract ends, get a new one or extend your agreement.
Is Contract Hire Right For Self-Employed?
If you’re looking for cost-effective and straightforward financing, we recommend Contract Hire. It allows you to focus on running your business while leaving the stresses of servicing, maintenance, and repair to the lesser.
Hire Purchase
Do you need a van that you can use for your personal and business needs, with the ultimate goal of ownership? Our hire-purchase option is the most ideal. With this option, the cost of your van is divided into fixed monthly payments spread over an agreed period. After making the final payment, the lesser transfers the van ownership to you.
What’s the advantage of our Hire Purchase van finance option for self-employed?
- Ownership – If you want to own a van, this option lets you gain full ownership at the end of the contract.
- Flexible Deposit – Customise the agreement to match your requirements. Get access to different deposit options to kick-start your journey to van ownership.
- No Mileage Limits – Use the van as much as you like without worrying about mileage restrictions.
Is Hire Purchase Right For Self-Employed?
If your end goal of financing a business van is ownership, then our hire-purchase option is the best for you. Additionally, it lets you spread the van’s cost over time. It’s a straightforward path that any self-employed entrepreneur can pursue to own a business van.
Van Lease
The Van Lease finance option is a flexible way to acquire a business van without a huge initial deposit. It’s essentially renting a van for an agreed time and mileage. After the contract ends or attaining the mileage limit, you sell the van to a third party. If the sale value is more than the final payment, you get to keep the balance. But if it’s less, you top up the difference.
The perks of opting for a van on finance for self-employed through the Van Lease option include:
- Lower Monthly Payments – Your lease payments are usually lower because there’s a final lump sum payment at the end of the contract.
- Access to the latest vehicles – Drive any latest van model you qualify for without a tedious process.
- Tax advantage – stand a chance to gain tax benefits that include 100% deductive VAT on your monthly payments.
Is Van Lease Right for Self-Employed?
Yes, it is ideal for those who want lower monthly payments, made possible by a final lump sum pay. You get this final payment from the money earned from selling the van to a third party. You get to drive the latest vehicles without much hassle.
Are you ready to explore the van finance options that might suit your circumstances? Read more about our van financing options from here.
What Are The Benefits Of Van On Finance For Self-Employed?
While there’s the option to pay for the van upfront to own it, not everyone has money lying around for that so Van Finance for Self-Employed Entrepreneurs. As a self-employed entrepreneur, you want every penny you can get your hands on to finance your business growth. So, paying for a van upfront is synonymous with losing your capital.
Don’t tie up your capital to van ownership. Instead, choose flexible van lease deals with low monthly payments. This lets you save a lot of money, which you can inject into your business. Van financing offers more perks in addition to this:
Own a van fleet without a huge initial deposit Van Finance for Self-Employed
If you want to acquire a fleet of vans for your business, our used van lease deals make it easier. You don’t need a huge initial deposit for that.
No Vehicle Ownership Baggage
Owning a vehicle comes with its challenges, such as regular servicing and maintenance. You also bear the depreciation risk as an owner, which means the resale value will be lowered. But with a contract hire, you get to use the van without worrying about all these. The lesser takes back the van at the end of the lease as you apply for another contract.
Lease with Ownership Option
If you’d like to own the van, a hire purchase is your ideal financing option. It lets you distribute the value of the van in monthly payments, making ownership easier.
Professional business image
A branded van lets you paint a professional image for your business. Plus, you can modify the van according to the finance terms to suit your business needs.
Van Financing Eligibility For Self-employed With Bad Credit
Let’s say you’ve spotted the best Vauxhall van deals that match your financial situation, but your credit isn’t the best. Are you eligible for financing? Of course, you do! At Swiss Vehicle Contracts, we’re experienced in reviewing the financial situation of our clients, even those with bad credit scores.
After doing an initial application review, we go further to examine the individual circumstances of clients. During this review, we look at the specific issues that may have affected your credit while also considering your credit situation at the moment.
Our Client Eligibility Review Criteria Van Finance for Self-Employed
To lease or buy van on finance with Vansales.com Van Finance for Self-Employed Entrepreneurs , you need to have been self-employed for not less than a year. We’ll need a 3-month statement of your bank account to prove your income status. During this time, we’ll do our best to continue processing your application, even if there are some challenges. Concerning that, it’s worth noting the following:
- The financing period is limited to up to 60 months.
- Mileage limits for petrol and diesel vans are 120,000 and 160,000 respectively.
- VAT financing is subject to various conditions agreed upon during contract signing.
At Swiss Vehicle Contracts, we do our best to eliminate as many barriers to van finance. Even if your credit rating isn’t the best, we do reviews on an individual basis to ensure you qualify for a van on finance for self-employed.
Our Process – Streamlining Your Journey to Self-Employed Van Ownership
At Swiss Vehicle Contracts, we believe that the journey to van ownership for self-employed entrepreneurs should be smooth. We’ve crafted a straightforward process to help you buy a van on finance without hassles.
Free Personalised Consultation
Get in touch with our team for a personalised consultation. Our experts take time to understand your needs, preferences, and budget. Whether you’re a budding or seasoned entrepreneur, we’ll guide you to find the ideal van finance.
Explore Tailored Financing Options
After reviewing your application, we present different financing options tailored to your needs. Whether it’s Hire Purchase, Contact Hire or Van Lease, we explain each option with customizations to suit your business goals.
Approval and Agreement
Get expert guidance on Van Finance for Self-Employed Entrepreneurs to help you understand the agreement. Review the terms and conditions of your agreement. Get answers to all your questions and sign the agreement with confidence.
Choose Your Van
With the agreement finalised, get ready to select your van. Choose from extensive Transit Custom, VW Transporter, VW Caddy, and Vauxhall Vivaro lease deals. Whether you’re after a robust workhorse or a compact cargo van, we have just the right van for your needs.
Van Delivery
After finalizing the deal, the fun part begins! Our team works with you to promptly deliver the van, getting you ready to tackle the ventures of your self-employed entrepreneurship. Even after the delivery, our relationship doesn’t cease. We’ll offer ongoing support to answer concerns about vehicle maintenance, van upgrades, and future financing.
What Can Be Included in Tailored Van Finance?
Whether you choose Contract Hire, Van Leasing, or Hire Purchase, we offer tailored schemes to suit your needs. Here are some of the adjustments that you may consider:
- Fully comprehensive vehicle insurance
- Maintenance and service package including tyres, brakes, and breakdown rescue.
- Van upgrade with a newer model before contract expiry.
- Expert advice from an experienced team.
These are just a few of the options we include in our new and used vans on finance deals. Whatever your requirements are, Vansales.com is ready to personalise a plan to suit your needs. Talk to our expert team today to find out how else we can accommodate your personalised requirements.
Why Choose Us For Your Van on Finance For Self-Employed?
Tailor-made financing solutions
Every entrepreneur’s journey is different, Van Finance for Self-Employed Entrepreneurs and Vansales.com recognises this. We tailor our business van lease, contract hire, and hire purchase to meet the specific financial situations of self-employed.
Flexible Payment Plans
We know that self-employed entrepreneurs face fluctuating financial circumstances. With our payment plan flexibility, you can choose an option that perfectly aligns with your cash flow.
Quick, Hassle-Free Process
Time is valuable for busy entrepreneurs, so we won’t waste it for you. We’ve streamlined our process to give you a faster turnaround. Right from when you contact us, to the application review, to final approval, the process moves swiftly to deliver your van in the shortest period. You can be driving in as quickly as seven days from application submission.
Professional Guidance Van Finance for Self-Employed
First time applying for a van on finance for self-employed? Don’t worry about the technicalities, our experience team will guide you through. Whether you’d like to better understand the eligibility, terms, or documentation, we’re dedicated to supporting you and answering your questions.
Start the journey to your business van financing today. Call us and talk to a professional about new and used vans on finance.