Hire purchase

When you take out a hire purchase agreement, you will be paying a deposit equivalent to 3 months of the overall rental in advance plus VAT. The periods of payment can vary between 36 and 60 months at the limit. Your monthly payments will be exempt from VAT and your initial deposit charge can be reclaimed. One other point in its favour is the ability to offset any taxable profit – which is a good boost for any small business. At the end of the lease agreement, the van is legally yours and you are not required to make any more payments.

Finance Lease

When you take out a finance lease agreement, you will be paying a deposit of 1 to 3 months of the overall rental in advance plus VAT. Similar to the hire purchase agreement, your repayments are usually between 36 and 60 months in total. If you can claim back your VAT on the deposit, you will have a restriction of a quarterly claim only. One aspect that is appealing – if the van is sold or part-exchanged at the end of the agreement – 96% of the value is kept by the hirer.

Contract Hire

Many aspects of this type of arrangement are the same as the finance lease, with the added bonus of a maintenance package. There is also no hassle of having to sell the van at the end of the agreement. It is also known as an Operating lease within the business. Most of the criteria is the same as above including the cost of the deposit, and the recoverability of the VAT etc. So long as you stay within your agreed mileage, you can fix your costs and retain budgetary control of your agreement.

Lease Purchase

Most of the details are the same as the finance lease agreement. Where van lease differs, is at the end – you sell the vehicle to a third party for a reasonable value and buy it back for £1. Forward an invoice to the finance company with a cheque for 5% of the sale. After writing down 100% of the cost of the deal, you are then able to keep the van.

Citroen van leasing Is just another of the many options that are available to choose from.

Fiat is an acronym for Fabbrica Italiana Automobili Torino (Italian Car Factory of Turin). 

Giovanni’s grandson Gianni then became chairman from 1966 until his demise in 2003. 

The first factory was opened in 1900 with 150 workers 

During the 1930′s trucks and commercial vehicles underwent considerable development and also the railway and aviation sectors grew. 

In the war years there was a big reduction in the production of cars, whilst commercial vehicles grew considerably. Fiat made military vehicles for the Italian Army and Air Force. 

In 1945 the presidency of Fiat was taken over by Vittorio Valletta. 

In 1948 the plants that were destroyed in the war were completed and profits started to step-up as did the number of employees. 

After the war Fiat introduced its very first tractor. 

Betwixt 1957 and 1975 the popular Fiat 505 was produced. This was a cheap and really practical car and measured just 9 feet 9 inches long. It was powered by a little 479cc 2 cylinder air cooled engine and was considered to be one of the first “city cars”. 

The Fiat was also back engined just like the Volkswagen beetle. 

Despite its modest size the 500 proved very popular throughout Europe. 

Production of the 500 ceased in 1975 and the Fiat 126 was introduced two years earlier. The 126 was never quite as popular although it was well known for its mechanical enduringness and economy. 

In 1978 the “Robogate” system was created which was so named because of the new robotized system that was used for assembling the bodywork. 

In 1980 the Fiat Panda was born. Within the next two years the Fiat Uno was also introduced. In 1989 the Tipo was voted “Car of the Year” for its cutting edge solutions. 

There have been various Fiat vans introduced which are extremely popular for Fiat van leasing. These modest, economical vehicles are perfect as a van to lease and are used often for catering and delivery vehicles. 

van lease