The practical answer
High annual mileage can affect the vehicle’s expected value and useful life, so it matters when choosing both the van and agreement.
Give the lender expected annual mileage rather than the reading on the dashboard alone. A long repayment term can leave you paying for a van after intensive use makes replacement necessary.
HP and finance lease are different from a contract-hire mileage allowance, but that does not make condition or usage irrelevant. Compare the written terms alongside servicing, downtime and replacement plans.
Commercial finance is subject to status, lender approval and the specific asset and transaction. The right structure depends on the complete circumstances of the business.
What should I do next?
Have the asset details, supplier information and an outline of what the business needs ready. DCF can then discuss the requirement and identify which lenders may be suitable.
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