Introduction
Financing a Minibus is a significant investment for any organisation. Do you purchase it outright? Take out a loan and pay for it over a number of years? Or look at finance options including Contract Hire, Hire Purchase, Lease Purchase or Minibus Leasing?
The options might seem bewildering, but in reality what’s right for your organisation may be quite simple.
Let’s simplify all the jargon and the options, along with the benefits:
💷 Purchase – the simple one, pay for your Minibus outright with full ownership. The asset belongs to you, as does the depreciation. The value can be offset against business profits or income for tax advantages. However, it does tie up a chunk of money.
🏦 Loan – you take out a loan against the value of the vehicle. This may be secured or unsecured. The interest rate will determine how much you actually pay for the asset. An advantage is you don’t need all the money upfront, but you won’t receive the same tax benefits as purchasing or leasing (more later).
📋 Hire Purchase – a deposit is paid, then fixed monthly payments for a set term until you own the vehicle. Preferable to a standard loan as there is no interest and everything is calculated upfront for complete transparency.
🔄 Lease Purchase – similar to Hire Purchase except there is a balloon payment at the end of the term. You have the option to purchase or return, so this is a flexible option. There are also some tax advantages including reclaiming the VAT.
🚐 Minibus Leasing – also known as contract hire, this is the preferred solution for Minibus World customers. Low deposit. low monthly payments and simply return the vehicle at the end of the term. Claim the VAT back on all payments.
At Minibus World we offer Minibus Leasing on both new and used vehicles. In a time of financial and political uncertainty, the benefits of leasing (also known as contract hire) are clear:
✅Low upfront deposit
✅Fixed monthly payments based on vehicle value and annual mileage
✅Add road tax, servicing and maintenance into the monthly payment
✅Return after the agreed term (from 6 months to 5 years)
✅No depreciation, trade in, or the hassle of a private sale
So you can understand why leasing a Minibus is so popular!
Firstly you will be partnering with a family run business that has been going since 2007. We’ve supplied over 5,000 vehicles during this time. We’re FCA authorised and regulated and work with leading finance partners. But don’t just take our word for it, take a look at our👉 Google Reviews.
The team at Minibus World are here to help, so give us a call and let’s have a chat about your next Minibus.
📞 01782 444 289
📩 info@cvmworld.co.uk
🌐 www.minibus-online.co.uk
