Funding your van

You’re in the market for a new business van, it’s going to take your business to the next level. But you have spotted a slightly more expensive one, or you had an unexpected tax bill come in. How are you going to fund your van?

Gone are the days where paying outright was your only option, now there are various different ways to fund your next motor.

Finance is a way to spread the cost of your purchase, so you don’t have to find all the money in one big hit. At Cheshire Vehicle Supplies, we can see what the likelihood of you being accepted is, without affecting your credit rating.

If you’re not sure what we mean, every time a hard search is carried out against you, it shows up on your credit file. If you have more than three to four of these over the course of 12 months, it can seriously harm your credit rating.

With our soft searches, you can look at what options may be available to you, without risking a hard search. If you do want to progress to securing a deal, we will carry out a hard search but until then, we will not risk it.

Finance has a lot of benefits, aside from the financial factor. One of them is in some cases, it can help your credit rating. Through repaying the finance consistently, with no missed payments, your credit score can actually improve over the course of your agreement.

Another benefit is that you can often find a nicer, newer or fancier van, that you otherwise wouldn’t be able to afford. Another thing you can consider is finding a better spec than what you would otherwise afford.

With finance, there are a few different types, depending on your repayment terms and if you want to put down a deposit. If you want to chat about van finance in Warrington, get in touch with a member of the team.