Hire Purchase

Advantages

  • Fixed monthly cost.
  • Full ownership of the vehicle once all payments are made.
  • Flexible contract period options.
  • Ability to have a large final payment to keep monthly payments lower.
  • Low initial payment options

Disadvantages

  • You are fully responsible for the resale of the vehicle and any potential risk on the residual.
  • No ability to return the vehicle.

Hire Purchase is perfect for those who want to own the vehicle, the vehicle title will be transferred into your name upon completion of all contractual payments. You will be responsible for the depreciation and disposal of the vehicle. 

By paying an initial payment, you have the ability to repay the balance over a number of affordable monthly payments. Once payments are completed a larger final payment can be made.   

This product is often used by businesses who plan to keep the vehicle for a prolonged period or are looking to have converted.

The lender purchases the vehicle and grants you permission to use it while making payments, after which you will fully own the vehicle.

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Vanaways Reviews

   
Bogdan Mares

Bogdan Mares

08 September 2026

"I’m extremely happy with my new Renault Master. The whole process was smooth and professional, with excellent communication throughout. The team was helpful, friendly and kept me updated at every stage. The van arrived in great condition, exactly as expected. I would highly recommend their services. Thank you again!"

Alistair Patterson

Alistair Patterson

14 October 2026

"There is not much one can say about dealing with Vanaways, other than what a wonderful experience it has been from the beginning to the delivery of my new van. Dealing with Torin was simple; I just said what type of van I required and the budget I had, and he matched exactly what I required, under budget. After my order was placed, I was passed to Yasmin to keep me informed of when my van was due for delivery. Yasmin was amazing at her job, letting me know the progress of the van and when the extras I had ordered were to be fitted before delivery to me. Totally 5-star service, and I know where I'm buying my next van from. Alistair Patterson"

Steve Brown

Steve Brown

22 May 2026

"From start to finish vanaways uk nailed it love my new van from Jack selling me it to Ellie looking after my every wish perfectly done am so pleased will definitely use them again"

Lisa Partington

Lisa Partington

29 May 2026

"We cannot fault the service we have received from everyone we have dealt with at Vanaways and will definitely by contacting you again when we come to replace our next vehicle……. On the whole, Customer service, these days, I have found to be quite disappointing and frustrating – I wish more companies showed the care and attention to detail that you guys have shown… you have restored my faith in Vehicle sales teams!! I would not hesitate in recommending you and wish all of our suppliers were are easy to deal with as you have been!! Thankyou especially to Shina and Sophie...."

4.8 out of 5 from 518 reviews
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