Which Business Vehicle Finance Option Will Work Best For You?

By Kai Savage
Which Business Vehicle Finance Option Will Work Best For You?

Which Business Vehicle Finance Option Will Work Best For You in 2023?

At MW Vehicle Contracts, we offer a wide range of business vehicle finance options to suit the needs of your business. Whether you’re looking for contract hire, finance lease, or hire purchase, we’ve got you covered. But which one is the best for you?

The Business Vehicle Finance Options

  • Business Contract Hire: With a business contract hire agreement, you are leasing the vehicle for a fixed period of time and paying a fixed monthly rental. At the end of the lease term, you return the vehicle to us. This choice is perfect if you change your vehicle often. Business contract hire is also often the cheapest business vehicle finance option available, so it's perfect if you're looking for a van or pickup for your business on a budget. However, there are many times when Business Finance Lease may suit your needs better.
  • Business Finance Lease: With business finance lease, you again lease a vehicle for a fixed period of time and pay a fixed monthly rental. However, unlike business contract hire, at the end of the finance lease term, you sell the vehicle to a third party and keep the equity. Furthermore, you don't have strict restrictions on mileage and vehicle condition with a business finance lease, making it an attractive option for vans or pickups getting hard daily use. Yes, that's right, no excess mileage and condition charges!
  • Hire Purchase: With a hire purchase agreement, you can purchase a vehicle and pay for it in instalments over a fixed period of time. Once you’ve made all the payments, you own the vehicle outright. This is a great option if you want to keep your vehicle after the finance agreement. Hire purchase is also the more traditional vehicle finance option.

If you or your business is VAT registered, talk to one of our sale team for more information about how Contract Hire and Finance Lease can benefit you.

The Challenges

At MW Vehicle Contracts, we understand that finding the right financing option for your business can be a challenge. That’s why we’ve made it our mission to provide our customers with the best possible deals on business vehicle finance. With our expertise in sourcing, supplying, and financing vehicles for your business needs, you can be sure that you’re getting the best possible deal on your next vehicle.

Vans On Business Finance

Ready to have a look at some of the great business vehicle finance options we have at the moment? Let's have a look at some of our current special van offers:

  • Peugeot e-Partner Standard 800 100kW 50kWh Professional Premium Van Auto: This electric van is perfect for businesses looking to reduce their carbon footprint. It has a range of up to 170 miles on a single charge and can carry up to 800kg of cargo. Now available with us on a business finance lease from £249.99 ex. VAT per month.
  • Vauxhall Combo Cargo L1 2300 1.5 Turbo D 100ps H1 Prime Van: This versatile van is perfect for businesses equipped with advanced safety features, providing peace of mind on the road. Features such as advanced driver assistance systems and electronic stability control enhance safety and stability during business workdays. The Vauxhall Combo Cargo is available on a 4-year business contract hire from £235.99 ex. VAT per month.
  • Renault Trafic SWB SL28 Blue DCi 130 Business+ Van: This versatile, reliable and practical medium-size van is one of the most popular vans on UK roads, and for a good reason. It's brilliant. The latest update brought it right up to date with all of the latest kit. It is a great choice for any business seeking a dependable and adaptable van that can deliver excellent performance in its daily duties. At the time of writing, the Renault Trafic is in stock right now with us, available on a business finance lease from £279.99 ex. VAT per month.

MW Vehicle Contracts Are The Business Vehicle Finance Experts

Contact MW Vehicle Contracts today to learn more about our financing options and how we can help your business grow. You can reach out to our experts by calling 0116 259 9548 or sending us an email at enquiries@mwvc.co.uk. To stay up to date with our latest deals, check out our Instagram page.