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Ford Van Finance

Commercial Vehicle And Local Business Finance

At Motus Commercials, we offer a wide range of options to make it easy for you to get the van on finance you need.

Have a look at our simple guide to learn how each option works and its benefits.

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Hire Purchase (Traditional Finance)

In Brief – Choose this and you’ll benefit from a regular payment structure with outright ownership of your vehicle at the end of the term.

How It Works -The buyer who wants to keep the car for a longer period of time than the loan term will typically benefit from Hire Purchase financing. Your deposit is deducted from the total cash price of the vehicle to give a balance that requires financing. The amount of the balance plus interest is then added, and it is paid off over the course of the loan's term in equal monthly payments, typically over a 2, 3, 4 or 5-year period (whichever you prefer).

This is the simplest and most popular method of buying a vehicle with finance. After you've made your final payment at the end of your agreement, the vehicle is yours.
Why Choose Hire Purchase Van Finance
- Recurring fixed payments.
- The amount you will pay each month, the length of time until repayment is due, and the interest rate are all defined at the outset of the contract and won't change.
- The interest rate on your finance repayments won't change even if other interest rates do.
- Depending on your financial situation, choose the repayment period's length.
- You have a full range of options between 24 and 60 months.
  minimal or no deposit.
- You will own the vehicle at the conclusion of the contract.
- Interest expenses are tax deductible.
- Because the vehicle is an asset on your balance sheet, a percentage of its worth can be deducted annually from business profits (CO2 based).
Van Contract Purchase (PCP or Low Plan Payment)

In Brief – With a Contract Purchase Plan you normally make lower fixed payments every month than you would with other options and the future value of your vehicle is guaranteed.

How It Works- Just decide on your vehicle and the deposit amount. After that, you determine how long you want to retain your van and estimate your annual mileage.

We'll determine the Guaranteed Minimum Future Value (GMFV) of your vehicle at the conclusion of your agreement using the vehicle you've selected, the contract term, and the anticipated mileage. The GMFV, which is a deferred final payment, will be made at the conclusion of the contract.

You pay less each month depending on the balance due plus the agreement interest because the GMFV and the initial deposit are subtracted from the vehicle's price.

You have three options at the conclusion of the agreement:

Select a different vehicle and apply any GMFV surplus value toward your deposit. You have two options for selling your old car: privately or through a trade-in.
If you want to keep the vehicle, you only need to pay the GMFV and it’s yours.
Simply return your car within the predetermined miles in a respectable condition, and you won't have to pay anything else.
Features and Benefits
- Fixed payments allow for sensible budgeting
- Your monthly payments are generally lower than they would be using other finance plans because the GMFV is deferred.
- Because the vehicle has a Guaranteed Minimum Future Value you are protected against any future fall in used vehicle values
- You choose the deposit, annual mileage and agreement term to suit you in advance.
- Interest charges are allowable against tax
- A proportion of the vehicle's value can be written down against your businesses profits because it is an asset on your balance sheet (CO2 based).
Contract Hire

In Brief - It is a cost-effective method of financing vehicle usage without the expense of ownership. You gain from having the option to select a low initial deposit, consistent fixed monthly rentals, and freedom from concerns about what will happen to your vehicle at the conclusion of the lease.

How It Works - A tax-efficient approach to finance a business vehicle is through contract hire. This is so that taxable profits can be used to offset the monthly payments. The amount that can be offset depends on the vehicle's new suggested retail price (please contact us for further details).

If your business is VAT registered, 100% of the VAT payable on the finance element of the monthly payments can be recovered where the vehicle is either a van or a car used solely for business purposes. Where the vehicle is a car used for business and private mileage, then only 50% of the VAT payable on the finance may be recovered.

You can also include a maintenance package within the monthly payments. This covers regular servicing costs and can also cover the costs of general wear and tear, making budgeting even easier.
Features and Benefits
- You decide on your hire duration, which can range from 24 to 60 months, the vehicle you want to drive, and your annual mileage allowance.
- Payments are cheaper because they are based on the car's exempt from VAT pricing.
- VAT-registered firms can reclaim all of the VAT they paid on optional maintenance rentals as well as a portion of the VAT they paid on rentals.
- Low initial costs and consistent rentals make budgeting simple.
- For the term of the contract, a Road Fund Licence is included.
- By choosing an optional maintenance package, you can combine all of your operating expenses into a single monthly payment.
- You simply return the vehicle at the end of the contract, so there are no concerns about its potential future value.
Finance Lease

In Brief – If your business is looking for a flexible way to finance a vehicle that combines a minimum initial outlay with maximum tax efficiency, then this could be your best option.

How it works - Finance leasing gives the company many of the advantages of ownership while providing significant tax savings, even though the company will never actually own the car.

Your monthly payments are determined depending on the price of your vehicle less VAT after you select the term and deposit. Where the vehicle is either a van or a car used only for business reasons, 100 percent of the VAT payable on the finance element of the monthly payments may be reclaimed during the agreement period. Only 50% of the VAT that must be paid on the finance may be recovered when the vehicle is an automobile that is used for both business and personal travel.

The van will be listed on your balance sheet as a "leased asset" for the life of the contract. The regular payments are considered a revenue expense and can be deducted from any taxable profits as a result. Additionally, by using a "balloon" rental to postpone a portion of the vehicle's initial cost, the monthly payments can be adjusted to meet the cash flow of the company.

The vehicle is typically sold towards the conclusion of the contract, with the revenues going toward the balloon payment. If there remains a shortfall after the sale, the lease must cover it.
- You get to pick the vehicle you want to drive and the lease term, which is often 12 to 60 months.
- Payments are cheaper because they are based on the vehicle's price before VAT.
- A percentage of the VAT paid on rents and the entire VAT paid on optional maintenance rentals may be reclaimed by VAT-registered firms.
- The taxable profits can be used to offset the monthly payments, increasing cash flow.
- On the balance sheet, the car might be listed as an asset.
- If the vehicle is sold for more than the "balloon" sum at the end of the contract, the difference is given back as a rebate.
- You can make a single monthly payment for all of your operating expenses by buying an optional maintenance package.
If you have any questions about any of our financial services please contact your local dealership

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Representative Finance Example

Cash Price £26994.00

Deposit £4499.00

1st Monthly Payment £N/A

47 Monthly Payment £574.59

Final Monthly Payment £584.59

Amount of Credit £27580.32

Total Amount Payable £32089.32

Total Charge for Credit £5085.32

Fixed Interest per Annum 10.9

Duration 48 Months